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Old September 25th, 2008, 11:32 PM   #1
clarkstoncracker
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Default Washington Mutual seized by the feds..

not sure if this is a subscribers only article or not
http://online.wsj.com/article/SB122238415586576687.html
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Old September 26th, 2008, 07:06 AM   #2
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Old September 26th, 2008, 09:19 AM   #3
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The end is near.
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Old September 26th, 2008, 09:32 AM   #4
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yahoo version:

http://biz.yahoo.com/ap/080925/washi...ture.html?.v=5

I wonder if this means we won't see the annoying wamu commercials anymore. Maybe they should have charged some fees.
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Old September 26th, 2008, 09:36 AM   #5
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wow
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Old September 26th, 2008, 09:43 AM   #6
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Actually this is a excellent example of how the system is suppose to work, WAMU got its self into deep poop and was quickly spiraling toward implosion, the FED shut them down sized the company and assets and sold them to another bank that has a proven solid base all within a few hours. WAMU branches open up this morning business as usual under the umbrella of a healthy bank. No loss to depositors, no cost to Joe blow tax payer.
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Old September 28th, 2008, 02:08 AM   #7
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Damn, I was hoping that my CC balance would be erased, lol.
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Old September 28th, 2008, 02:31 AM   #8
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Quote:
Originally Posted by merr6267 View Post
Damn, I was hoping that my CC balance would be erased, lol.
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Old September 28th, 2008, 02:57 AM   #9
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We have 3 friends that I know of that worked for WaMu in Seattle. Craziness. They're just completely up in the air right now.

All of them are sending out resumes though in anticipation of the next steps.
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