WaMu Goes under

[lafayette]

And its not even friday!


Washington Mutual Inc. may be seized by regulators later today and parts sold to JPMorgan


http://www.bloomberg.com/apps/news?pid=20601087&sid=aBEEMxmXu4CY&refer=home


"The Federal Deposit Insurance Corp. plans to take control of Seattle-based WaMu, the biggest U.S. savings and loan, according to the CNBC television network, and New York-based JPMorgan will buy deposits and branches, the Wall Street Journal said, without citing any sources. The FDIC insurance fund is not expected to contribute any money, the Journal said. "

Ofcourse not, the FDIC is broke after insuring all the other banks that have failed. Besides, JPMorgan doesnt need any money, it borrowed it from the FED yesterday :lmao:

[Vanno]

Government intervention is always a guaranteed way to make a merger happen.

[Carl Ragadamn]

How many banks does JP have to eat, to become "to big to fail"?

[Wickfield]

Ohnoes! Not WaMu! :ohno:

Good thing nobody saw it coming.

[Lindorn]

Im wondering if I should be pulling all of my money out of my wamu account. What do you guys think?

[WhySoSerious]

i hide my money in a shoebox under my bed.



yep.

[Carl Ragadamn]

Im wondering if I should be pulling all of my money out of my wamu account. What do you guys think?

Why its federally insured...

Seriously though, as a former JPChase customer, find a new bank. Look for a well run credit union or local owned bank, they give 9999999999999999 times the service. Plus they give out better loans if your not a loser.

[Carl Ragadamn]

i hide my money in a shoebox under my bed.



yep.

Where did you say you lived?

[Ungraylessness]

Now we'll be seeing this exact same thread in a few hours because somebody sucks at making titles. Just know that I'll be there to say Use the search to the poor sap who walks into this OP's ruin of a thread.

[Carl Ragadamn]

Now we'll be seeing this exact same thread in a few hours because somebody sucks at making titles. Just know that I'll be there to say Use the search to the poor sap who walks into this OP's ruin of a thread.

Atleast you are reliable.

[Lysandor]

I closed my WaMu accounts two monthes ago.

I now deal exclusively with my Credit Union. Fuck banks.

[lafayette]

Now we'll be seeing this exact same thread in a few hours because somebody sucks at making titles. Just know that I'll be there to say Use the search to the poor sap who walks into this OP's ruin of a thread.

Oh come on, you know you love my thread titles.

[Metal Wolf]

i hide my money in a shoebox under my bed.



yep.

I did that but he box was kinda overkill so I ended up settling for an altaoids can.

[Wickfield]

And it goes under:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aLxCHDTaOaWw&refer=home

[Wickfield]

http://www.bloomberg.com/apps/news?pid=20601087&sid=aLxCHDTaOaWw&refer=home

Well, I suppose it had already gone under, but now it's assets are controlled by JP morgan. It's now officially the largest bank (asset-wise) to fail in U.S. history.

/discuss?

and I know there's already a thread on this, but the title on that one sucks.

[Carl Ragadamn]

http://www.bloomberg.com/apps/news?pid=20601087&sid=aLxCHDTaOaWw&refer=home

Well, I suppose it had already gone under, but now it's assets are controlled by JP morgan. It's now officially the largest bank (asset-wise) to fail in U.S. history.

/discuss?

and I know there's already a thread on this, but the title on that one sucks.

This has already been posted :lmao:

Is JP now to big to fail? Can they just run it into the ground and let the government take over all the bad debt now?

[Spankytwo]

Was WaMu the one with the black guy and the old people in the pen who were always yelling at the black guy because he wasnt rich and yet was smarter then them even though he was an uneducated minority who kept old rich white males in pens explaining to them about how the bank he is sponsored by works even though it didnt work so well as they just failed.

?

[Beorg]

Was WaMu the one with the black guy and the old people in the pen who were always yelling at the black guy because he wasnt rich and yet was smarter then them even though he was an uneducated minority who kept old rich white males in pens explaining to them about how the bank he is sponsored by works even though it didnt work so well as they just failed.

?


Yes, indeed it was.

[Carl Ragadamn]

Hurray for merged threads, now the actual discussion can continue.

[Wickfield]

That was weird... Never seen threads merged before.

[Wickfield]

And lol, spankytwo got suspended.

I feel very purposeless right now.

[Shane]

Government intervention is always a guaranteed way to screw something up.

Fixed!

[Slypieguy]

Wait til the short selling ban gets lifted on the 2nd

[GFH_Spike]

With all these banks going under, you'd think that someone would mention Australia for once!

[losinglife]

WaMu eh.... Ok who is next on the chopping block?

[Protonix]

Im wondering if I should be pulling all of my money out of my wamu account. What do you guys think?

You'll be fine.

[Protonix]

WaMu eh.... Ok who is next on the chopping block?

Wachovia

Though I hope Citibank goes under, then they might forget about my student loans.

[Carl Ragadamn]

Wachovia

Though I hope Citibank goes under, then they might forget about my student loans.

Dreamer...

[GFH_Spike]

Dreamer...

What is life but a transient dream?

[Carl Ragadamn]

What is life but a transient dream?

At the rate we are going, most Americans will be dreaming as transients.

[GFH_Spike]

At the rate we are going, most Americans will be dreaming as transients.

I would be shitting laughter if Americans were tending to produce in Mexico and using worker passports for railroad construction in China. So long as I had fled the country beforehand.

[Spades Felligan]

I use Wells Fargo in the states, how are they doing?

[Carl Ragadamn]

I would be shitting laughter if Americans were tending to produce in Mexico and using worker passports for railroad construction in China. So long as I had fled the country beforehand.

I hear Canada has some sort of rail system that american hobos could ride.

[Carl Ragadamn]

I use Wells Fargo in the states, how are they doing?

They are completely gone, your money is being used to fund the bail out.

[LordTenacious]

You are an asshole Carl. In actuality Wells Fargo is fine(-ish) because they didn't partake very much in the subprime binge.

[Carl Ragadamn]

You are an asshole Carl.

I prefer to be called a cunt rag

[losinglife]

Wachovia

Though I hope Citibank goes under, then they might forget about my student loans.

hmmm, if i hurry up and take a loan out you think they might forget about mine too :D

[GFH_Spike]

I hear Canada has some sort of rail system that american hobos could ride.

That sounds like fun. We should tie them to the tracks.

I prefer to be called a cunt rag

How charming. Who is she whose vagina leaked discharge while you were in for a tongue treat?

[Lysandor]

Wachovia

Though I hope Citibank goes under, then they might forget about my student loans.

If we get to that point, your student loans will be the least of your concerns.

[Razel]

Im wondering if I should be pulling all of my money out of my wamu account. What do you guys think?

lol wtf :lmao: anyway a credit union is a far safer place for money.

[Caffy]

Was WaMu the bank with the awesome panda song?

"Feel the WOOHOO inside of you! Like a great big panda bear, running 'round without a care, hugging people EVERYWHERE!!"

That was uber, and stuck in my head for days.

I will miss them.