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Washington Mutual Seized and Sold Off by the Government

Started by Al Billings · 9 months ago

There you go, folks. From the New York Times:
“Washington Mutual, the giant lender that came to symbolize the excesses of the mortgage boom, was seized by federal regulators on Thursday night, in what is by far the largest bank failure in American history.
Regulators simult ... Continue reading »

2 comments

  • laboratorian

    9 months ago

    "This is the first time I've worried about my FDIC deposits."

    --Partner in downtown Manhattan law firm (i.e., multi-millionaire) four days ago
    reply
  • WaMu Customer

    9 months ago

    I can not make a payment on my WaMu Providian credit card, because since the Presidents speech my bank (Rockland Federal Credit Union, Rockland,MA) has locked down all the accounts. There is no way to withdraw or make any payments to anyone. They did however accept the Direct Deposit of my Paycheck yesterday - now that money is trapped too. Good thing I took out Cash last week and have a high credit limit on my Providian Card!
    reply

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