IPB

Welcome Guest ( Log In | Register )


 
Reply to this topicStart new topic
> Wamu = fail
THECHICKEN
post Sep 25 2008, 08:26 PM
Post #1





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.


--------------------
Go to the top of the page
 
+Quote Post
James
post Sep 25 2008, 08:52 PM
Post #2


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?
Go to the top of the page
 
+Quote Post
Spectatrix
post Sep 25 2008, 09:30 PM
Post #3





Group: Admin
Posts: 6,906
Joined: 22-February 06
From: Austin
Member No.: 9



Whee, fun times. I have two accounts with WaMu.


--------------------
QUOTE (pebkac @ Oct 14 2006, 03:15 PM) *
You and your logic.

QUOTE (Foamy)

http://xkcd.com/386/
Go to the top of the page
 
+Quote Post
The Fanatic
post Sep 25 2008, 10:53 PM
Post #4


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
Go to the top of the page
 
+Quote Post
impala454
post Sep 25 2008, 11:16 PM
Post #5





Group: Members
Posts: 10,620
Joined: 23-February 06
From: Houston, TX
Member No.: 48



Duh. WaMu is part of the whole bailout thing.
Go to the top of the page
 
+Quote Post
nickluto
post Sep 26 2008, 12:10 AM
Post #6


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.
Go to the top of the page
 
+Quote Post
jwttu
post Sep 26 2008, 05:46 AM
Post #7





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
Go to the top of the page
 
+Quote Post
pysex
post Sep 26 2008, 07:39 AM
Post #8


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."
Go to the top of the page
 
+Quote Post
impala454
post Sep 26 2008, 12:40 PM
Post #9





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"
Go to the top of the page
 
+Quote Post
FORSAKENR320
post Sep 26 2008, 01:57 PM
Post #10


GORILLA FLUFFER
Group Icon

Group: Agents
Posts: 7,705
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!!
Go to the top of the page
 
+Quote Post
Spectatrix
post Sep 29 2008, 08:52 AM
Post #11





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.


--------------------
QUOTE (pebkac @ Oct 14 2006, 03:15 PM) *
You and your logic.

QUOTE (Foamy)

http://xkcd.com/386/
Go to the top of the page
 
+Quote Post

Reply to this topicStart new topic
1 User(s) are reading this topic (1 Guests and 0 Anonymous Users)
0 Members:

 



Lo-Fi Version Time is now: 21st October 2018 - 11:02 AM
Skin made by: skeedio.com