Should I take my money out of WaMu?

[konechiwa 10+ year member]

I hope they go under, I owe them like 10k...

you'd still owe somebody 10,000 dollars...

 

[James Bang 5,000+ posts]

paranoid people like the OP is a factor to why banks are failing

 

[Eugenics 5,000+ posts]

Sheep.

 

[konechiwa 10+ year member]

paranoid people like the OP is a factor to why banks are failing

I still have my money in the bank don't I? I'm just going to put it in another bank anyway.

The reason why banks are failing is because people take out loans for their houses and the house worth dropped so they can't take money out on their house anymore, and can't quality for any more loans (because they ain't paying the one for the 500,000 dollar loan for the 300,000 dollar house)...

so they default.

 

[Eugenics 5,000+ posts]

I still have my money in the bank don't I? I'm just going to put it in another bank anyway.
The reason why banks are failing is because people take out loans for their houses and the house worth dropped so they can't take money out on their house anymore, and can't quality for any more loans (because they ain't paying the one for the 500,000 dollar loan for the 300,000 dollar house)...

so they default.

It's all so simple!

 

[konechiwa 10+ year member]

It's all so simple!

I know!

Isn't America just the smarterest people you ever did meat?

 

[Banana Balls 5,000+ posts]

Isn't America just the smarterest people you ever did meat?

The irony of that entire posts is worthy of a quote.

 

[Eugenics 5,000+ posts]

Why don't you just spend the 10k on whatever you were saving it for and be done with it?

 

[konechiwa 10+ year member]

The irony of that entire posts is worthy of a quote.

FIRST A THREAD DEDICATED TO ME,

THEN A THANK YOU TO ME

THEN A POST WORTHY OF A QUOTE?

scottys on fiiiiiiiiiiiiiiiire //content.invisioncic.com/y282845/emoticons/veryhappy.gif.fec4fed33b4a1279cf10bdd45a039dae.gif

 

[BoomBoomBoy 10+ year member]

I still have my money in the bank don't I? I'm just going to put it in another bank anyway.

So you don't have any proof this is happening? //content.invisioncic.com/y282845/emoticons/rolleyes.gif.c1fef805e9d1464d377451cd5bc18bfb.gif

 

[Banana Balls 5,000+ posts]

FIRST A THREAD DEDICATED TO ME,
THEN A THANK YOU TO ME

THEN A POST WORTHY OF A QUOTE?

scottys on fiiiiiiiiiiiiiiiire //content.invisioncic.com/y282845/emoticons/veryhappy.gif.fec4fed33b4a1279cf10bdd45a039dae.gif

Read what you wrote, jackass.

 

[Chevillac 5,000+ posts]

http://biz.yahoo.com/ap/080722/earns_washington_mutual.html?.v=8Washington Mutual reports 2Q loss of $3.3 billion

http://www.reuters.com/article/marketsNews/idINN2233410220080722?rpc=44

Moody's investors service puts WaMu debt into Junk Territory

Between July 11th and July 14th Wamu stock dropped from 4.95 to 3.23. It has since risen back up to the same level however.

http://www.forbes.com/2008/07/22/wamu-yahoo-wachovia-markets-cx_er_transvideooutlook.html?partner=yahootix

"Wamu in flux after loss"

moody's investors say "although WaMu's financial flexibility has declined, its liquidity is not sufficient."

BTW- WaMu is supposedly doing the same as Wachovia: "WaMu's report follows a similar move by Wachovia (nyse: WB - news - people ). After posting a $9 billion loss, the firm's chief executive, Robert Steel, said the company is adequately capitalized."

so whoever said Wachovia is going down....well there you go.

I said that.

So you don't have any proof this is happening? //content.invisioncic.com/y282845/emoticons/rolleyes.gif.c1fef805e9d1464d377451cd5bc18bfb.gif

L O L O dey know dey know

 

[konechiwa 10+ year member]

Read what you wrote, jackass.

shit man ya'll know i cant reed.

Im ileterate.

 

[Eugenics 5,000+ posts]

Trying to make jokes about it is not helping.

 

[916Kev 10+ year member]

A girl I know who works for WaMu said they might shut down. If I were you I'd go and take out all the $$ and put it into Bank of America, Wells Fargo, or whatever else you like.