MAd Money says be skeptical of Wamu

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Crammer on the Mad Money show says that it is not all rosy for Wamu yet, and we agree with him. Washington Mutual may have rebounded from last week’s bear raid, thanks to a potential $5 billion capital infusion.

The Mad Money host is reserving judgment until the WaMu Washington Mutual Inc closes the deal. Wamu, has already seen an upward trend on Monday, April 7th. But we do not feel that financial institutions have done enough to see the bulls return. Also, the risks are too high for investors to get back in the financial markets.

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