 Wamu = fail |
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| Wamu = fail |
 Sep 25 2008, 08:26 PM
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#1
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 Group: Members Posts: 1,302 Joined: 20-February 07 Member No.: 721  |
http://www.latimes.com/business/la-fi-wamu...1,7648045.story
QUOTE Washington Mutual Bank, the country's largest savings and loan, was seized late today by federal regulators and immediately sold to JPMorgan Chase & Co., the New York banking giant that has long coveted the thrift's California and Florida branches. With assets of $307 billion and deposits of $188 billion, Washington Mutual is the largest bank to fail in U.S. history. and the hits just keep on coming. -------------------- |
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Sep 25 2008, 08:52 PM
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#2
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Fool Group: Members Posts: 2,127 Joined: 23-February 06 From: LBB Member No.: 56 |
Providian -> Washington Mutual -> Chase
Yay, now I have two credit cards with Chase again. Wonder if I can consolidate my lines of credit to one card. <3 bank mergers. -------------------- Spam? Isn't that something poor people eat?
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Sep 25 2008, 09:30 PM
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#3
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Group: Admin Posts: 6,906 Joined: 22-February 06 From: Austin Member No.: 9 |
Whee, fun times. I have two accounts with WaMu.
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Sep 25 2008, 10:53 PM
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#4
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 Do they ignore parts of reality? Group: Moderators Posts: 2,935 Joined: 23-February 06 From: South Overton!!! Member No.: 46 |
It's the end of the bank as we know it
and i feel fine -------------------- A psychotic world we live in. The madmen are in power. How long have we known this? Faced this? And--how many of us do know it? Perhaps if you know you are insane then you are not insane. Or you are becoming sane, finally. Waking up. I suppose only a few are aware of all this. Isolated persons here and there. But the broad masses... what do they think? All these hundreds of thousands in this city, here. Do they imagine that they live in a sane world? Or do they guess, glimpse, the truth...?
-Philip K. Dick |
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Sep 25 2008, 11:16 PM
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#5
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 Group: Members Posts: 10,620 Joined: 23-February 06 From: Houston, TX Member No.: 48 |
Duh. WaMu is part of the whole bailout thing.
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Sep 26 2008, 12:10 AM
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#6
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 The Transient Aggie Group: Members Posts: 546 Joined: 22-February 06 Member No.: 21 |
For real, welcome to a week and a half ago.
The WaMu = fail thing... The sale to JP morgan is the new blurb, not that WaMu is going broke. --------------------  A government big enough to give you everything you want is a government big enough to take from you everything you have. |
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Sep 26 2008, 05:46 AM
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#7
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 Group: Moderators Posts: 885 Joined: 22-February 06 From: Lubbock, Texas Member No.: 12 |
JPMorgan has been rumoring to buy WaMu for a couple weeks, they were just waiting for it to hit a rock bottom price
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Sep 26 2008, 07:39 AM
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#8
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I was raised on the dairy, BITCH! Group: Members Posts: 3,080 Joined: 23-February 06 From: Cedar Park Member No.: 49 |
I guess no one else was surprised by how many new random banks popped up in the past 5 years because of all the shitty ass false lending. And now they're all dying.
-------------------- "Ah, y'know it's funny, these people they go to sleep, they think everything's fine, everything's good. They wake up the next day and they're on fire."
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Sep 26 2008, 12:40 PM
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#9
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Group: Members Posts: 10,620 Joined: 23-February 06 From: Houston, TX Member No.: 48 |
I remember in Lubbock, we used to be driving around at lunch and would see some new business being built and go "ooh cool what's that going to be??" then drive past it and see.. "oh... it's just another fucking bank"
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Sep 26 2008, 01:57 PM
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#10
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 GORILLA FLUFFER  Group: Agents Posts: 7,711 Joined: 23-February 06 From: lubbock Member No.: 50 |
QUOTE (impala454 @ Sep 26 2008, 01:40 PM)  I remember in Lubbock, we used to be driving around at lunch and would see some new business being built and go "ooh cool what's that going to be??" then drive past it and see.. "oh... it's just another fucking bank" now that you mention it... thats very true --------------------  QUOTE (Jessica @ May 7 2007, 01:15 PM) but yeehaw dammit. YEEHAW QUOTE (Dogmeat @ Jun 26 2008, 07:51 PM) ok once upon a time I jacked myself off retarded. Licking anuses, one kindergarten class at a time!! |
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Sep 29 2008, 08:52 AM
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#11
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Group: Admin Posts: 6,906 Joined: 22-February 06 From: Austin Member No.: 9 |
On a related note, Citigroup just bought Wachovia: http://www.bizjournals.com/losangeles/stor.../29/daily1.html
Wachovia didn't technically fail, but sounds like they were close. -------------------- |
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