we have our money in Washington mutual, and tonight, it was seized by the feds.
I am glad we don’t a whole lot of money there, but we do our banking there and I
wonder what will happen when we deposit our money tomorrow?
Peter you are insured. Washington mutual hold our mortgage. Just because ownership changes hands do not panic it will be business as usual. You are fine I am sure.They need to keep the money flowing, otherwise why seize it?
A friend of mine just lost 10 grand thinking he was going to clean up buying Wamu stock on the cheap. The bastard made me pay for lunch. He is poor now.
I used have clients I spoke with all the time who would want to buy massive quantities of bankrupt stock trading on the cheap…even after they announced on their website that the shares would be worthless…
It’s sad what can happen with just the slightest misinformed notions.