Bye Bye Wamu

[rh71]

I know about FDIC and all that but is there any reason whatsoever to take my savings out anyway? I don't want any hassle of claiming, etc. (and transferring to HSBC online would be simple).

 

[ElFenix]

JP Morgan Chase has been coming out gangbusters in this thing.

 

[her209]

Originally posted by: ultimatebob
So... which big bank is going to fail next? Bank Of New York? Wachovia? Someone else? Place yer bets!

Citibank

 

[IronWing]

Wamu sounds like something you would see at Sea World.

 

[Special K]

Originally posted by: ultimatebob
So... which big bank is going to fail next? Bank Of New York? Wachovia? Someone else? Place yer bets!

See the Bank Implode-O-Meter

 

[Ricochet]

Originally posted by: Bumrush99
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 🙁

Sorry to hear that. My coworker said one of his friend bought up a lot of Wamu shares upwards of $60k worth. I can't imagine what this person is feeling right now.

 

[EKKC]

Originally posted by: Bumrush99
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 🙁

i bought today at $2 thinking the bailout would lift them.
boy was i wrong.

 

[Sid59]

i'll see how my new JP Morgan / Chase overlords will treat me. RIP WAMU!