its already moving so fast its hard to jump on hahaha

 

man I was JUST thinking that!


and current WaMu stock price $0.16 a share...

 

This is how I feel when I look at WaMu's stock history of the past 9 months.

 

Isn't fdic only required to back a percentage 10% i think physically in the banks.............thats not a lot of money.............so that means 90 of you would be screwed. fdic ain't looking like its worth much these days.

 

Thats what I've been saying for a while now - the FDIC is out dated and should be dumped for a better insurance program.

The NCUA which insures credit unions was made in the late 70's and has a much better ability to respond to a crisis like this.

 

yea.. about that..

http://dealbook.blogs.nytimes.com/20.../index.html?hp

I had a feeling about wachovia..

 

I'm going to purchase Wamu's "WooHoo" and use it as my BOV.

 

add to more funnies..
WaMu CEO: 3 weeks work, $18M

http://money.cnn.com/2008/09/26/news...ion=2008092615

 

But Fox news said he's getting 20 million- for 17 days on the job;

http://www.foxnews.com/story/0,2933,428641,00.html

 

well I use to work for wamu....now I work for chase and I GOT SCREWED WITH MY RETIREMENT!!!!!!!! I mean i'm happy that chase bought us but a lot of lot a lot of money.... however I just got off a conference call with them (chase) and seems like they will think of something over the weekened to help people that lost a lot in there 401k. Now everything will be business as usual for customers even though chase owns wamu now they are trying to make everything very smooth for everyone so your checks, direct deposits and everything will be fine still. Eventually the name will change but as of right now chase is keeping the wamu name here in the west coast. As for branch closing....they will close some branches but mainly at locations where there is a chase and a wamu branch like right next to each other since there is no point.

 

yeah...alan got hella money for working 3 weeks...I wish I could get that kind of job so jealous...........

 

As am I.


WaMu branches will be turning into Chases. There are about 400 branches that are not needed & will be closed. The systems used for customer service are not expected to be merged until the end of 2010 so it's not like everyone is going to be laid off at once. Also Chase has pledged to try & find positions in the company before laying people off from the duplicate departments.

 

fixed....