Join Date: Oct 2007
Location: Los Angeles, CA
WAMU bought by JPMorgan CHASE - are you taking your money out?
WAMU is FDIC insured and, trust me, I am well below the $100,000 coverage, so I know my money is safe. I just do not want to go through the possibility of having to make long lines to withdraw my money which has not being the case and being short for rent, have enough cash for food, gas, bills, etc.. it look like it will not be the case anyways so far.
I just went to the wamu site and the information they are providing is very confortable and clear.
Just in case you have heard something else or know otherwise, everything looks ok no? should we leave our money in? if you have money in, are you leaving it in?
On the side note, I just read an article where the new CEO was getting about $19,000 per week!!, and he just worked there for three weeks and made about $60,000 before taxes. This is not his fault since he just got in but gosh.. does it give you any clues on why they went belly up?.. talking about wise financial desicions..
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