Thread: Is WAMU next?

It looks like another HUGE bank is in trouble. How many bailouts will these idiots attempt? I think things are far worse than they want us to know. Dumb blond question for y'all. If the US makes healthy banks keep buying these illegal immigrant hugging banks that got greedy and messed up, aren't they just punishing those who did not go hog wild and endangering all of the banks in this country?

(Reuters) - U.S. federal regulators recently called a number of banks asking if they would consider buying Washington Mutual Inc should it eventually falter, the New York Post said, citing sources.

Federal banking regulators, in recent days, contacted Wells Fargo & Co, JPMorgan Chase & Co, HSBC and several other financial institutions to gauge their interest in a possible acquisition of WaMu, the paper said.

No merger discussions are currently under way between the Seattle-based bank and anyone else, the sources told the paper.

Washington Mutual could not be immediately reached for comment.

(Reporting by Ajay Kamalakaran in Bangalore; Editing by Paul Bolding)

http://www.reuters.com/article/topNews/ ... me=topNews

I was watching TV about this and they were showing pics and WaMu was in like background of one of them. One wonders.

Heard about 1:00 p.m. on Cavuto's show that WAMU said they would auction the bank off. About a half hour later they said that Wells Fargo and B of A were looking at acquiring WAMU.

We went to the bank and closed our largest account, greatly reduced the second largest and keep very little in the bank for daily functioning. They of course told us the media was wrong. WELL, we said if Wells Fargo or BofA acquires you I won't do business with them. Your service is fine, it has nothing to do with you. But they banks are falling right now and a coffee can in the back yard will yield as much as we're getting in interest and security of the bank.

They weren't happy but they understood.

Apparently in a conference call today they told the bank managers that they wouldn't auction the bank then six hours later the news said they would.

Don't want to be in a line tomorrow.

Originally Posted by Gogo

Heard about 1:00 p.m. on Cavuto's show that WAMU said they would auction the bank off. About a half hour later they said that Wells Fargo and B of A were looking at acquiring WAMU.

We went to the bank and closed our largest account, greatly reduced the second largest and keep very little in the bank for daily functioning. They of course told us the media was wrong. WELL, we said if Wells Fargo or BofA acquires you I won't do business with them. Your service is fine, it has nothing to do with you. But they banks are falling right now and a coffee can in the back yard will yield as much as we're getting in interest and security of the bank.

They weren't happy but they understood.

Apparently in a conference call today they told the bank managers that they wouldn't auction the bank then six hours later the news said they would.

Don't want to be in a line tomorrow.

We also are keeping the "bare minimum" in the bank. Heck, I am even getting worried about the savings bonds we have been buying for the kids since they were babies.

I told my hubby, I'm not standing in line like the IndyMac customers having to deal with FDIC. He said, if you hear anything tomorrow on this get those checks cashed immediately.

Originally Posted by cayla99

It looks like another HUGE bank is in trouble. How many bailouts will these idiots attempt? I think things are far worse than they want us to know. Dumb blond question for y'all. If the US makes healthy banks keep buying these illegal immigrant hugging banks that got greedy and messed up, aren't they just punishing those who did not go hog wild and endangering all of the banks in this country?

Thats what it looks like to me and thats just not right IMO
But then BOA is one of the Illegal Loving,Pandering ones I think Wells Fargo was reportedly one too if I am not mistaken