Quote :

"The Office of Thrift Supervision shut down the bank on Thursday and named the FDIC as receiver. WaMu is the 13th bank to fail so far this year."

Quote :

"Under the deal, which was arranged by federal banking regulators, JPMorgan Chase will acquire all the banking operations of the Seattle-based WaMu, as well as its assets and financial contracts."

9/25/2008 9:51:09 PM

unfortunately kinda saw that one coming

9/25/2008 9:52:15 PM

^

9/25/2008 9:52:50 PM

this mean no more of their commercials?

9/25/2008 9:55:01 PM

lol

they send me shit nearly every week tryna get me to sign up for a credit card.

9/25/2008 9:56:01 PM

good riddance


NEXT

9/25/2008 9:56:40 PM

got a credit card offer from them today

9/25/2008 9:58:57 PM

hahah

its funny really

they do not have enough money but want to open more credit cards and extend more credit.

9/25/2008 10:00:02 PM

and that's just today



let's see what happens in the morning.

9/25/2008 10:08:32 PM

thank god

i get mail spam from them weekly tryna give me credit cards n shit

9/25/2008 10:11:21 PM

So I suppose my free checking account is now closed?

9/25/2008 10:15:11 PM

what does that mean for other online banks...like etrade

9/25/2008 10:20:51 PM

^^your free checking account probably belongs to JPMorgan Chase now.


^wamu's not just an online bank, playa

[Edited on September 25, 2008 at 10:23 PM. Reason : .]

9/25/2008 10:22:29 PM

haha good...i'm not much of a financial guru

9/25/2008 10:25:03 PM

free atm cash withdrawals means we won't nickle and dime you!!!

9/25/2008 10:32:56 PM

so my debt to them is wiped out right?

9/25/2008 10:38:51 PM

Hahahahaha!

9/25/2008 10:39:31 PM

is Chase going under?

if they were to do so would my credit card debt with them disappear?

9/25/2008 10:45:24 PM

somebody photoshop the looter with teh WAMU logo on it

9/25/2008 10:46:08 PM

JP Morgan Chase is fine - they just bought Washington Mutual after the FDIC closed them.

In fact pretty much the only 2 big banks that are doing alright enough to make big purchases are BoA and JPM...they'll come out of this mess pretty.

9/25/2008 10:47:06 PM

Quote :

"So I suppose my free checking account is now closed?"

http://consumerist.com/search/FDIC/

Specifically, this.

If you can access your account, print off at least your last statement, and take a screenshot of your account summary/accounts. Just in case.

9/25/2008 10:47:42 PM

^ there's really no need to freak out. It's not in JPM's interests to get things wrong. They bought WaMu because they want the market share increase and the deposits they bring. Which means keeping those customers happy. The transition is going to take time clearly, but this is no different than if you were say for example at First Union when Wachovia bought them . Your account is perfectly intact and isnt going anywhere (unless you have more than 100k in there which I severely doubt)

[Edited on September 25, 2008 at 10:53 PM. Reason : ie]

9/25/2008 10:52:44 PM

I'm not trying to imply anyone's money is in jeopardy; this is more of a 'have this for when you have to deal with dumbass first line CSRs who might fuck shit up'

9/25/2008 10:53:59 PM

Oh shit, and USC is losing. NOTHING MAKES SENSE ANYMORE!!!!!!!!!!!!!!!!!!!!!!!

9/25/2008 10:56:51 PM

lol lol lol

9/25/2008 10:58:04 PM

Who's laughing now, you impudent colored

9/26/2008 2:53:07 AM

^AHAHAHAHAHAHAHAHAHA

Although I really don't care about WaMu, they did have pretty good commercials. At least above average compared to most of the shit that people put out.

And yeah, apparently the old roped-off bankers were right. Who woulda thunk...

9/26/2008 3:29:29 AM

seriously though...i cant be the only one that wants this shit to collapse like some dominos


i'm guessing the bottom 50% are just waiting to laugh at the top 50% or something...at least i know i am waiting for it...i hope this whole thing is as bad as they make it so i can laugh even harder...although i dont think its all "that" bad

9/26/2008 3:33:48 AM

...So I'm guessing my WAMU credit card will now be a JP Morgan credit card? Or what?

9/26/2008 3:38:38 AM

Quote :

"seriously though...i cant be the only one that wants this shit to collapse like some dominos i'm guessing the bottom 50% are just waiting to laugh at the top 50% or something...at least i know i am waiting for it...i hope this whole thing is as bad as they make it so i can laugh even harder...although i dont think its all "that" bad"

that's fucked up

9/26/2008 7:30:27 AM

ever heard of the great depression?

read up on how life was then and see if you still agree with that statement... it could get real bad

9/26/2008 7:51:23 AM

Quote :

"Got this Depression on."

9/26/2008 7:57:14 AM

STAY HOME



?

9/26/2008 8:24:16 AM

done and done

i gots me a rifle! i gots me know-how what to cook and all. WEEE HAWW bring this shit on

9/26/2008 8:36:30 AM

Collapse of the United States?

Perhaps.

9/26/2008 9:36:01 AM

Meh. My rent's paid through the end of October and I currently have Internet. I'm good.

9/26/2008 9:39:09 AM

Quote :

"WaMu’s strong brand and irreplaceable retail banking franchise have enormous potential, especially in today’s environment, and I am thrilled to have this opportunity to create value for shareholders.” -- Alan H. Fishman, upon his appointment as WaMu’s CEO on September 8, 2008 "

lol

9/26/2008 11:04:48 AM

my online credit card account still works

but the card is paid off anyway

9/26/2008 11:07:13 AM

Kerry Killinger looks like Willem Defoe

9/26/2008 11:17:54 AM

Quote :

"this mean no more of their commercials?"

That guy was annoying, in a smug way. Just like he still is in those GM commercials with all those damn kids.

9/26/2008 11:18:10 AM

When they said "free checking for life" I guess they failed to specified that it was the life of the bank not your life...

9/26/2008 11:24:18 AM

^aha

i know a lot of my peers bought into wamu because of their aggressive marketing.. i'm obviously no financial genius or anything, i just never bought into the high interest savings account stuff because it didn't seem right that a bank that would come out offering 4.00% on savings accounts that aggressively.

i'd like to see some specifics on some of the investments (mortgage/personal loans) they were making in hopes of securing that return - not overall numbers, just some examples of the types of loans they got stuck with.

if anyone knows of any, let me know. i'm curious... gotta do some research, i'm running out of room in my mattress

9/26/2008 11:45:27 AM