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Is Washington Mutual going under?

I sure hope not, I really do. My sister just got a job with them not too long ago directing one of their finance departments. That would crush her and the family if she did.
 
Originally posted by: dmcowen674
Originally posted by: SSSnail
Topic Title: Is Washington Mutual going under?
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Toast

On the bright side no more of those goofy commercials.
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🙁

I thought the chick opening up her own bakery shop was pretty cute.
 
Goddamn. I have 2 business checking accounts there, and moving money out to another bank is not exactly painless. What a hassle.
 
As long as the idiot Senator from New York, Charles Schumer keeps his mouth shut, WAMU should be fine. Otherwise.....

The OTS has determined that the current institution, IndyMac Bank, is unlikely to be able to meet continued depositors? demands in the normal course of business and is therefore in an unsafe and unsound condition. The immediate cause of the closing was a deposit run that began and continued after the public release of a June 26 letter to the OTS and the FDIC from Senator Charles Schumer of New York. The letter expressed concerns about IndyMac?s viability. In the following 11 business days, depositors withdrew more than $1.3 billion from their accounts.
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I could kick myself right now. I almost made a speculative trade (just 100 shares) on WM 3 days ago when it was 3.03 per share. It topped out at 5.14 yesterday afternoon. Damnit! 🙁

Edit: Damn, it went to $5.21 today.....ARGH!!!

**Head explodes**
 
Originally posted by: Engineer
I could kick myself right now. I almost made a speculative trade (just 100 shares) on WM 3 days ago when it was 3.03 per share. It topped out at 5.14 yesterday afternoon. Damnit! 🙁

Edit: Damn, it went to $5.21 today.....ARGH!!!

**Head explodes**
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its not the losses that hits the most, its the what iffffsss.....
 
Originally posted by: Engineer
I could kick myself right now. I almost made a speculative trade (just 100 shares) on WM 3 days ago when it was 3.03 per share. It topped out at 5.14 yesterday afternoon. Damnit! 🙁

Edit: Damn, it went to $5.21 today.....ARGH!!!

**Head explodes**
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And you would have cried if it had gone down to $2.
 
I have one of my mortgages with them. Maybe I won't have to pay it anymore.

(I know they'll just sell it off to someone else and I'll start paying them instead, but I can pretend.)
 
Depends-

Yes: if you and everyone else pulls funds

No: if you and everyone else stays put

Is it worth the risk and headache?
 
I have my checking account with them, which is just an account I use to pay off bills, so not much is ever in it.

If they do go under, what would be the best way to get my cash without having to wait in line all day? Would withdrawing it to my Paypal account and then linking my paypal to a new account would be easy/valid?
 
Originally posted by: Capt Caveman
Originally posted by: Engineer
I could kick myself right now. I almost made a speculative trade (just 100 shares) on WM 3 days ago when it was 3.03 per share. It topped out at 5.14 yesterday afternoon. Damnit! 🙁

Edit: Damn, it went to $5.21 today.....ARGH!!!

**Head explodes**
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And you would have cried if it had gone down to $2.
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Not on $300 total purchase, I wouldn't have. I cried last year....more than once (literally) and almost do it now (over last year). Very painful...this would pale in comparison....
 
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