by Calculated Risk on 7/24/2008 02:37:00 PM

From Bloomberg: WaMu Slumps as Gimme Credit Cites Liquidity Concern

... Gimme Credit LLC said unsecured creditors were ``pulling funds'' from the biggest U.S. savings and loan.
...
``We won't use the phrase `run on the bank,' but we would be remiss if we did not observe that many creditors have quietly been pulling funds,'' wrote [Gimme Credit analyst Kathleen Shanley], based in Chicago. Their actions are ``presenting an increasing funding challenge,'' she wrote.