Wed 10 Sep 2008
I Pulled All My Money Out of WAMU
Posted by RichSlick under Financial Safety
[4] Comments
Just got done pulling all my money out of WAMU. Wamu’s stock looks like it’s taken a long walk off a short pier and I’m not taking any chances. New CEO, rumors of Memorandums, counterparty risk scenarios, and are giving me heartburn.
By Joseph A. Giannone and Jonathan Stempel
NEW YORK, Sept 8 (Reuters) – Washington Mutual Inc (WM.N: , , , ), the largest U.S. savings and loan, ousted Kerry Killinger as chief executive and has been put under special regulatory supervision, following skyrocketing losses from mortgages that are expected to weigh on results for years.
I’ve been down this road before and I’m going down the road less taken and getting out now! Good luck.
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September 11th, 2008 at 7:17 am[...] Rich Slick pulls all of their money out of WaMu. I’m in the camp where I leave my money in regardless because I believe in FDIC coverage and [...]
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Pingback from FDIC Seizes WAMU, What You Need To Do Now! » Get Rich Slick
September 25th, 2008 at 5:49 pm[...] new here, you may want to subscribe to my RSS feed. I pulled my money out of WAMU a couple of weeks ago because I knew it was coming. This is what you need to do [...]
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Pingback from FDIC Will Raise Limits, Do You Want To Know Why? » Get Rich Slick
September 30th, 2008 at 6:37 pm[...] You now only have 200k out of 400k insured! Panic! Panic! Panic! You run over to Chase and Citi and pull out 100k from each bank and start looking for a new bank to put that money in so where do you [...]
September 10th, 2008 at 7:36 pm
yeah, I’m in line right behind you. damn, I’m guess I’m not going to be able to use my one free overdraft this year. I’m still trying to decide if I should go with the small local credit union or another big box like Wells Fargo.