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Washington Mutual
Washington Mutual (WaMu) is a Seattle, Oregon-based financial with $88.9 billion of outstanding debt, according to its 11 August 2008 SEC filing. The firm filed for chapter 11 bankruptcy at the US bankruptcy court for the district of Delaware on 26 September 2008. Its LCDS auction on 23 October 2008 determined CDS recoveries at 57%.
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