WAMU bought by JPMorgan CHASE - are you taking your money out? - FMVperformance.com : The site for all your Ford Mazda and Volvo needs
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post #1 of 28 (permalink) Old 09-28-2008, 12:55 AM Thread Starter
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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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post #2 of 28 (permalink) Old 09-28-2008, 01:04 AM
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Re: WAMU bought by JPMorgan CHASE - are you taking your money out?

Don't flee yet. JP Morgan Chase just bought WAMU out, your money's safe. If they start making changes to the structure of the retail banking business that you don't like, then start looking. But if they run the retail banks as they did before...why change?
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post #3 of 28 (permalink) Old 09-28-2008, 01:06 AM
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Re: WAMU bought by JPMorgan CHASE - are you taking your money out?

I can only hope my WAMU credit card debt is erased, that would be amazing.

Not happening though, laaame.

A revolution gets its name by always coming back around in your face.
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post #4 of 28 (permalink) Old 09-28-2008, 01:18 AM
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Re: WAMU bought by JPMorgan CHASE - are you taking your money out?

[quote author=smokinAMD link=topic=124698.msg2648208#msg2648208 date=1222578378]
I can only hope my WAMU credit card debt is erased, that would be amazing.

Not happening though, laaame.
[/quote]

lol that would be awesome. I told my wife her company is like Nazi's. She works for BofA. They were also going to take on WAmu but since they took Meryl Lynch (which they already handled all the accounts for the last few years) they decided not to
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post #5 of 28 (permalink) Old 09-28-2008, 01:25 AM
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Re: WAMU bought by JPMorgan CHASE - are you taking your money out?

Chase should celebrate by wiping my statement clean this month.

They should celebrate, they were already huge, but with all the branches in the west coast, they're ginormous
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post #6 of 28 (permalink) Old 09-28-2008, 01:54 PM
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Re: WAMU bought by JPMorgan CHASE - are you taking your money out?

i have heard alot about people freaking out about their money. I don't see why though. like OP said its FDIC insured. Isn't wamu basically getting a name change? Even if they were going under the money is still insured. Sounds like a lot of chicken littles running around if you ask me....

Done: Lighted door sills, Fujita F5 CAI, MazdaSpeed3 Exhaust


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post #7 of 28 (permalink) Old 09-28-2008, 03:46 PM Thread Starter
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Re: WAMU bought by JPMorgan CHASE - are you taking your money out?

Man I got to see that movie, as I was searching on the internet about WAMU, three different persons referred to that movie. I guess he was panicking too much making everyone nuts until he got a lesson? Anyways donít tell me!!! I wanna see it!!!
I am leaving my accounts with WAMU definitely, too much of a hassle and I am happy with their locations. The chicks are cute too on most locations so thatís a plus... JK I meant to say, they have good customer service. (just in case my wife reads this )


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post #8 of 28 (permalink) Old 09-28-2008, 03:53 PM
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Re: WAMU bought by JPMorgan CHASE - are you taking your money out?

Is wachovia next? Anyone thinking about buying WB stock right now?


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post #9 of 28 (permalink) Old 09-29-2008, 02:09 AM
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Re: WAMU bought by JPMorgan CHASE - are you taking your money out?

[quote author=Say Chi Sin Lo link=topic=124698.msg2648262#msg2648262 date=1222579554]
Chase should celebrate by wiping my statement clean this month.

[/quote]
FTW.



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post #10 of 28 (permalink) Old 09-29-2008, 04:20 AM
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Re: WAMU bought by JPMorgan CHASE - are you taking your money out?

i'm keeping all 30 dollars in there......


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