Washington Mutual seized by federal regulators

MattH · ‎09-25-2008

Washington Mutual, the giant lender that came to symbolize the excesses of the mortgage boom, was seized by federal regulators on Thursday night, in what is by far the largest bank failure in American history.

http://www.nytimes.com/2008/09/26/business/26wamu.html?hp

TU 791 02/11/2013, EQ 800 1/29/2011 , EX Plus FAKO 812, EX Vantage Score 955 3/19/2010 wife's EQ 9/23/2009 803
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Anonymous · ‎09-25-2008

http://www.marketwatch.com/news/story/story.aspx?guid=%7B42316B59%2D4AB5%2D406B%2D808E%2D931513D5763...

and Chase aquires them.

fused · ‎09-25-2008

Who is next??????

Anonymous · ‎09-26-2008

Wachovia or UBS as far as big banks.

fused wrote:

Who is next??????

Anonymous · ‎09-26-2008

Customer pulled $16+ billion in deposits in 8 business days-

llecs · ‎09-26-2008

If Chase keeps them, there will be not one bank but two ChaseWAMU banks on every NYC block.

llecs · ‎09-26-2008

I just checked at wamu's website.....WAMU Customers...Welcome to JPMorgan Chase.

http://www.chase.com/welcomewamu/

I am so happy I has declined all those times by WAMU.

n2win · ‎09-26-2008

Me too!

I just got another "pre approved" card this week

(Into the circular file...)

What were they doing??

llecs wrote:
...

I am so happy I has declined all those times by WAMU.

Goal: acquire and use Credit Cards, scores in the 700's in 2009
05/04/08 FICOS: EQ = 626; TU = 636: EX = 623
06/21/09 FICOS: EQ = 692; TU = 729; EX = 731 (CCT FAKO)
10/03/11 FICO EQ = 722 (CCT EQ = 749)

MeganML84 · ‎09-26-2008

WaMu shares are trading at $0.16....Anyone think they'll ever go back up?

Wisdom doesn't automatically come with old age. Nothing does - except wrinkles. It's true, some wines improve with age... but only if the grapes were good in the first place.

haulingthescoreup · ‎09-26-2008

@MeganML84 wrote:

WaMu shares are trading at $0.16....Anyone think they'll ever go back up?

Nah, they bankrupted themselves on postage with all those mailed-out pre-approvals.

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007