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Bye Bye Wamu

Time to buy; once this bailout goes through next week, expect these stocks to jump by 30-50% as they get their bad debts paid off by the taxpayer.
 
I assume the transition will be seamless for regular joes like me who have savings and checking accounts at WaMu? Sorta like the next time I go to the local branch it'll just be Chase and thats that?
 
I did some work for a WaMu at one of the customer service centers. Went in there before and after the this mess. I saw a lot of empty cubes the second time.
 
Hopefully it'll be the end of their stupid commercials, "Oooh, look at all of the crotchety old white guys and their archaic, stubborn ways!"
 
WaMu will soon be gobbled up by JPMorgan/Chase.

Looks like all the big banks are getting some hot deals. BofA buys Merrill, JPMC swallows WaMu.

The rich get richer.
 
Originally posted by: raystorm
I assume the transition will be seamless for regular joes like me who have savings and checking accounts at WaMu? Sorta like the next time I go to the local branch it'll just be Chase and thats that?

yes..it'll take a long time for free ATM withdrawls, and then even longer for merged systems..but its good..just like when Chase bought BankOne..
 
Originally posted by: jpeyton
WaMu will soon be gobbled up by JPMorgan/Chase.

Looks like all the big banks are getting some hot deals. BofA buys Merrill, JPMC swallows WaMu.

The rich get richer.

I guess between your first post in this thread and your second, you decided to actually read the article? :Q

Edit: You really ought to refrain from using the same phrases with your jpeyton account and your dmccowen account. Multiple accounts aren't allowed here, Dave.
 
Meh I just went and got my cash out of WaMu. I still have an active BofA account i'm going to go back to, but I was reallly hoping to be done with them. DAMN YOU BOFA.

Meanwhile, i've got a pocket full of cash....Indian Casino? Imperial Showgirls? So much I could waste some of it on.....
 
SWEEET! I have a bunch of Chase accounts from living back east, but there are no Chase branches anywhere near San Jose. Now there should be! 😀
 
Originally posted by: jpeyton
WaMu will soon be gobbled up by JPMorgan/Chase.

Looks like all the big banks are getting some hot deals. BofA buys Merrill, JPMC swallows WaMu.

The rich get richer.

No...the ones who weren't complete idiots get richer. Isn't that to be expected? Survival of the fitest? The banks that didn't make as many horrible investments and mortgages are surviving. We are lucky to atleast have some banks who can continue to hold up and take over the crap companies who rolled the dice and lost.
 
Gotta love it.. JP basically gets the good part of the business, the FDIC gets paid and the shareholders get a large sausage up the ass...Then again what the hell do I know, I was dumb enough to buy shares when the price was 3.60.. totally hosed tonight 🙁

 
Originally posted by: Sukhoi
SWEEET! I have a bunch of Chase accounts from living back east, but there are no Chase branches anywhere near San Jose. Now there should be! 😀

My thoughts exactly...
 
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