WAMU Fails

[serverandenforcer 33]

http://www.msnbc.msn.com/id/26893612/

 

I remember many years ago how I wasn't part of the "cool" club if I wasn't banking at WAMU. I'm so laughing at those people now. But in all seriousness, this aint good for a lot of folks.

[Viper6 3]

Crap! Tell me about it. I just opened an account with them in march and now this? Our economy is on the ropes. Will ANYTHING good come from this?

[crl848 9]

N.B. I'm not American, nor is this a political comment. But I hope this does not spook congress into passing the bank bail-out without adding all the tax-payer protections that have been discussed. That really would be un-American.

[eraser_tr 29]

It looks like Wachovia is going to be next now.

 

Ought to get my cash out now because the FDIC can't insure every bank account in the country at once. Who's left?

[Guest pfunkmusik]

It looks like Wachovia is going to be next now.

 

Ought to get my cash out now because the FDIC can't insure every bank account in the country at once. Who's left?

 

Wells Fargo is pretty solvent.

 

pfunk

[SayethWhaaaa 245]

Ought to get my cash out now because the FDIC can't insure every bank account in the country at once. Who's left?

 

Only problem is that if more WaMu customers start doing that, the chances that a run on the bank's cash will be higher and there'll be a very real possibility of the bank crashing and burning.

[WDH 0]

CitiGroup's bank is the sturdiest of all banks.