Wamu - washington mutual!! Bankrupt!!!!

Discussion in 'The Lounge' started by DragonK550i, Sep 17, 2008.

  1. DragonK550i

    DragonK550i Well-Known Member

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    If you have that bank and have money in it ..... better get your money out or its too late!!!!.

    "[SIZE=-1]WaMu has lost more than 90 percent of its stock-market value over the past year, and some analysts don’t expect the bank to turn a profit until mid-2010"[/SIZE]
     
    #1 DragonK550i, Sep 17, 2008
  2. Aoes

    Aoes Well-Known Member

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    lol wamu isn't bankrupt yet... i expect someone like citi to take them over... good thing bout wamu is they know how to raise some capital... even though it's barely enuff to let them scrape by for the short term...
     
    #2 Aoes, Sep 17, 2008
  3. Akki

    Akki ...

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    its going to one hard times these couple of months....
     
    #3 Akki, Sep 17, 2008
  4. reno

    reno Well-Known Member

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    love that word "yet"
    and then next thign u know... announcement comes out
    rofl...
     
    #4 reno, Sep 17, 2008
  5. krazyaznboi

    krazyaznboi Well-Known Member

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    even if it goes bankrupt...wouldn't the FDIC compensate for your lost cash
     
    #5 krazyaznboi, Sep 17, 2008
  6. fearless_fx

    fearless_fx Eugooglizer

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    i just read the paper today.. Wamu said it was holding strong and didn't see bankruptcy as an option in the near future..
     
    #6 fearless_fx, Sep 17, 2008
  7. kontradictions

    kontradictions Well-Known Member

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    They say that in an attempt to convince people not to withdraw all their money. Lol.
     
    #7 kontradictions, Sep 17, 2008
  8. DragonK550i

    DragonK550i Well-Known Member

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    i agree lol
     
    #8 DragonK550i, Sep 17, 2008
  9. reno

    reno Well-Known Member

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    u'd like to think that
    but u'd be the last person to get any $$ if they do repay people...
    all the other entities/businesses would get $$ before you would
     
    #9 reno, Sep 17, 2008
  10. DragonK550i

    DragonK550i Well-Known Member

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    true
     
    #10 DragonK550i, Sep 18, 2008
  11. Akki

    Akki ...

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    lol might even be years before you see your money back!
     
    #11 Akki, Sep 18, 2008
  12. reno

    reno Well-Known Member

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    if u get anything back... lol
     
    #12 reno, Sep 18, 2008
  13. uryu

    uryu Well-Known Member

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    i got my stuff in ucb lol, i should get an account in boa
     
    #13 uryu, Sep 18, 2008
  14. ProjectD

    ProjectD VIP yay :]

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    my dad went... theres no problem at the moment
     
    #14 ProjectD, Sep 19, 2008
  15. Espresso

    Espresso Well-Known Member

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    Dumb.. Their stock rallied this past 2 days, mostly cuz the U.S. gov't. WAMU isn't looking good and IF THEY WERE to BANKRUPT and collapse, you can consider it as one of the greater collapses in US HISTORY. But it's manipulative. Not sure if you guys play stocks - proally not.

    FDIC will insure your money up to $100,000 if you have that much in deposits. But what rich man would have THAT MUCH? A knowledgable person would know hot to allocate.
     
    #15 Espresso, Sep 20, 2008