moneymakers Posted September 26, 2008 Share Posted September 26, 2008 Is Wacovia next? How does this effect a line of credit? Quote Link to comment Share on other sites More sharing options...
DemonKnight Posted September 26, 2008 Share Posted September 26, 2008 Is Wacovia next? How does this effect a line of credit? What? Should I close my checking account? Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted September 26, 2008 Share Posted September 26, 2008 make sure your account is fdic insured. wb does look bad today. big put buyers in the 5s. Quote Link to comment Share on other sites More sharing options...
TimC Posted September 26, 2008 Share Posted September 26, 2008 Good. Hopefully the employees string up management. Let them die and bring in competent people. Quote Link to comment Share on other sites More sharing options...
DemonKnight Posted September 26, 2008 Share Posted September 26, 2008 What? Should I close my checking account? ETA: I dont know how they could have collapsed with all the overdraft fees they've charged me this year, lol. I suck at checking accounts. Quote Link to comment Share on other sites More sharing options...
TimC Posted September 26, 2008 Share Posted September 26, 2008 ETA: I dont know how they could have collapsed with all the overdraft fees they've charged me this year, lol. I suck at checking accounts. LOL...come on...you didn't have over $100,000 in there to really worry about the FDIC insurance? Quote Link to comment Share on other sites More sharing options...
DemonKnight Posted September 26, 2008 Share Posted September 26, 2008 LOL...come on...you didn't have over $100,000 in there to really worry about the FDIC insurance? I wish... Quote Link to comment Share on other sites More sharing options...
SuperCharger Posted September 26, 2008 Share Posted September 26, 2008 Wamu didn't collapse, JPMorgan bought it. If you had an account at Wamu you now have the same account, number, balance, agreement with JPMorgan. Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted September 26, 2008 Share Posted September 26, 2008 Wamu didn't collapse, JPMorgan bought it. If you had an account at Wamu you now have the same account, number, balance, agreement with JPMorgan. it failed. then jpm bought the assets from the usg. The market was also tense after Washington Mutual Inc. became the largest U.S. bank to fail. The Federal Deposit Insurance Corp. seized WaMu on Thursday and then sold the thrift's banking assets to JPMorgan Chase & Co. for $1.9 billion. It was the largest bank by far to fail in U.S. history and the latest financial firm to collapse under the weight of enormous bad bets on the mortgage market. Quote Link to comment Share on other sites More sharing options...
SteelBunz Posted September 26, 2008 Share Posted September 26, 2008 See? They never should have sold our mortgage 3 years ago......lol.....we didn't default. Quote Link to comment Share on other sites More sharing options...
Czarina Posted September 27, 2008 Share Posted September 27, 2008 They still have/had my mortgage. Who owns my house now? Quote Link to comment Share on other sites More sharing options...
SuperCharger Posted September 27, 2008 Share Posted September 27, 2008 They still have/had my mortgage. Who owns my house now? JP Morgan Quote Link to comment Share on other sites More sharing options...
Jackass Posted September 27, 2008 Share Posted September 27, 2008 Wamu didn't collapse, JPMorgan bought it. If you had an account at Wamu you now have the same account, number, balance, agreement with JPMorgan. as an owner of shares of stock in Wamu, i can assure you that it did. Quote Link to comment Share on other sites More sharing options...
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