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WaMu Comes Through

By Jim Cramer

 About this article:
 The worst one just did the best! No doubt about it, the Achilles heel of financials, Washington Mutual, reported what looks to be a good number. And it boosted the dividend. I said "looks to be" because there are so many lines of earnings in a bank, that I figure some enterprising reporter or short-seller will find something subjective that he doesn't like. If there were a bank that should have blown up -- like if there were a broker that should have blown up, as in Merrill Lynch -- it was WM, always held out to be a crummy lender that would lend to a leaf if it blew in the window. Now, in what will no doubt be hailed by the bears as nailing shut the barn door after every deadbeat got a loan, WM is tightening standards. I care about this because one day we are...

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