by Calculated Risk on 6/11/2008 04:21:00 PM

You know it's bad when ... (hat tip Brian)

From WaMu: WaMu Statement Regarding Rumors of Regulatory Action

While it is the policy of Washington Mutual not to comment on speculation and market rumors, the company released the following statement to address recurring speculation about regulatory activity:

"Neither our primary federal regulator, the OTS, nor any other bank regulatory agency has taken any enforcement action against WaMu that we have not previously disclosed. Further, the company is not currently in such discussions with any regulatory agency."

We are in denial season.