Another one bites the dust! WaMu is out. FDIC seizes Wamu & sells deposits 2 JPMorgan

You can google the news if ya want..

Weird though.. usually these announcements happen after the market closes on Friday.. I hope there's no panic tomorrow of people who "don't wanna be the last people to be able to get their money"..

Also.. the timing seems as though it will pressure Congress to pass the bailout..

Chinese curse...

"May you live in interesting times."...Well....Here we are.

VTXDave said:

Chinese curse...

"May you live in interesting times."...Well....Here we are.

Click to expand...

It would cease to be interesting if we were dead. Interesting isn't so bad....

does that mean if i have wamu credit card or loan i don'thave to pay it back?

what kind of message are they sending.

give the mony back to the people.

oh no. youll have to pay it (my mom asked me the same thing when i was telling her weeks ago wamu was the next to go..) someone else will buy the debt, prolly jpmorgan (chase).. youll end up owing someone when the dusk is settled..