Established Contributor
aftermath
Posts: 519
Registered: ‎05-09-2008
Re: Chase to purchase Wamu?


FretlessMayhem wrote:


aftermath wrote:


Hmm... gets me thinking. So if I pick up a few thousand plummeting shares of Wamu at a ridiculously low price, and Chase buys them out, I now have thousands of shares of prime Chase stock? :smileyhappy: Die Wamu Die!




Exactly. I was thinking about doing the same with Amex since their stock is also falling. Amex doesn't have massive debt with subprime mortgages, so I am sure they will rebound.

The WAMU idea sounds good also. Now all I gotta do is figure out how to buy it. I have no clue how to buy stocks.

There are many online services in which you can purchase stock for a small fee, such as etrade and scottrade.
 
A coworker of mine just brought up a funny suggestion.  Purchase Wamu stock with my Wamu credit card.  It's like investing in them with their own money. LOL!
American Express Blue Cash Everyday $6600
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Moderator Emeritus
cheddar
Posts: 6,794
Registered: ‎09-29-2007
Re: Chase to purchase Wamu?


aftermath wrote:


FretlessMayhem wrote:


aftermath wrote:


Hmm... gets me thinking. So if I pick up a few thousand plummeting shares of Wamu at a ridiculously low price, and Chase buys them out, I now have thousands of shares of prime Chase stock? :smileyhappy: Die Wamu Die!




Exactly. I was thinking about doing the same with Amex since their stock is also falling. Amex doesn't have massive debt with subprime mortgages, so I am sure they will rebound.

The WAMU idea sounds good also. Now all I gotta do is figure out how to buy it. I have no clue how to buy stocks.

There are many online services in which you can purchase stock for a small fee, such as etrade and scottrade.
 
A coworker of mine just brought up a funny suggestion.  Purchase Wamu stock with my Wamu credit card.  It's like investing in them with their own money. LOL!


That might work if you take a cash advance, but you probably don't want to do that.  Brokerage firms will only let you fund your account with cold, hard cash, not with credit.

 
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Valued Member
gettintherequick
Posts: 56
Registered: ‎04-11-2008
Re: Chase to purchase Wamu?
OH! so thats what all those checks they keep sending me is for!!! :smileysurprised: :smileyvery-happy:
Problems cannot be solved at the same level of awareness that created them.
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Frequent Contributor
creditdream
Posts: 352
Registered: ‎10-10-2007
Re: Chase to purchase Wamu?
[ Edited ]
Well in the past i included Providian bank,and Wamu in my BK ? 
So my question is do you think Chase Bank will black list whom ever filed BK on Providian,and Wamu if they take over ?


Message Edited by creditdream on 07-28-2008 03:20 PM
Moderator Emeritus
fused
Posts: 16,256
Registered: ‎03-12-2007
Re: Chase to purchase Wamu?


aftermath wrote:


fused wrote:







aftermath wrote:

So if Chase purchases Wamu, does that mean my cruddy little Wamu card will potentially become a Chase card?



I say let's hope not.:smileyhappy:






Why not? I would think people would prefer having a Chase over a Wamu, especially if it is automatically converted over.

Though I can't comment on the quality of WaMU's customer service , I can with Chase. I think Chase should look to Amex or BoA for help on improving the quality of their customer service. Chase, in my experience, does not aim to please. If could kick them to the curb, I would, but my Chase Visa is my oldest TL. 
Credit Cards:
Amex BCP 25K ~ Amex Clear 25K ~ Amex Platinum NPSL ~ Chase Freedom Visa 19.3K ~ CITI Dividend World Mastercard 20.3K ~ FIA Fidelity Investments Platinum Plus Visa 40K ~ First Hawaiian Bank Gold Visa 10K