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    • money meltdown

      WaMu Told Washington That Adjustable Rate Mortgages Were Safer Than Some Fixed Ones

      The Associated Press says that a review of regulatory documents shows that years before the subprime mortgage crises developed into a full blown economic meltdown— the government ignored warnings and listened instead to lobbyists who represented some of the same banks that have now failed. More »

      11:34 AM on Mon Dec 1 2008
      By Meg Marco
      6,142 views, 57 comments

      Most discussed savdavid: Sadly, I agree with Ronin, the CEO and executives will get their bonuses, retire as millionaires and live happily ever more »

    • wamu

      Kiss Courtesy Overdraft Fees Goodbye With WaMu Debit-Only Card?

      Whoever came up with the name "courtesy overdraft fee" is one smart cookie. They figured out a way to let you do something you don't want to do, charge you a fee, and make it sound like they're doing you a favor. WaMu is one of the few banks that let you... More »

      5:04 PM on Fri Nov 21 2008
      By Ben Popken
      13,522 views, 84 comments

      Most discussed Incognito: Wait, I don't understand what the offer is about... If you swipe it as Debit, it's used like an ATM more »

    • washington mutual

      WaMu And Wachovia Weren't On Texas-Ratio Deathwatch List

      Back in July, after IndyMac went under, we posted a list of ten banks that could be "the next to go under." Interestingly enough, as reader Irene noticed, neither Washington Mutual or Wachovia, two major, sub-prime mortgage saddled, banks that got taken over recently, made the list. The list was based on analyzing the banks' "Texas-Ratio," basically the ratio of loans they've made to capital they had on hand. None of the banks on the Texas-Ratio watch list, like "The State Bank of Lebo" of Lebo, KS, or "First Priority Bank" of Bradenton, FL, can be found on another list either: the list of banks you've heard talked about in the news. Well here's a newsflash that the media elite passed over while buffing their loafers with their fancy college degrees: The State Bank of Lebo now has an ATM. It's inside Casey's General Store. Put that in your pipe and smoke it!

      PREVIOUSLY: 10 Banks That Could Be Next To Go Under (Photo: knightraven)

      11:01 AM on Thu Oct 2 2008
      By Ben Popken
      2,147 views, 13 comments

      Most discussed truthie: I am not surprised. The failure of WaMu was precipitated not by a long-standing capitalization issue (although their balance more »

    • washington mutual

      WaMu CEO Could Get $18 Million+ For 3 Weeks Work

      For three weeks, Alan Fishman was the CEO of WaMu before it went bust. For his excellent stewardship during these turbulent times, Fishman is eligible for at least $18 million, thanks to his signing bonus. Not blaming the guy, the place was screwed well before he got there, but, man, $6,000,000 a week, not a bad gig, eh?

      WaMu CEO: 3 weeks work, $18M [CNNMoney] (Thanks to Erik!)

      4:29 PM on Wed Oct 1 2008
      By Ben Popken
      5,909 views, 84 comments

      Most discussed Pylon83: I simply don't understand the hostility that people demonstrate towards high-paid executives. This guy didn't run the company into the more »

    • washington mutual

      VIDEO: WaMu Ad Has New, Dark, Meaning

      Now that Washington Mutual completely imploded on its garbage-pile avalanche of home mortgages, this old WaMu commercial from August 2006, starring Scott Adsit pre-30 Rock, takes on a new, darker, meaning... More »

      4:43 PM on Fri Sep 26 2008
      By Ben Popken
      23,905 views, 22 comments

    • washington mutual

      Insiders: Probable 1-Year Timeline For Customers In WaMu To Chase Transfer

      What will it be like for Washington Mutual customers as they get assimilated into the Chase fold
      One of our commenters, mavrick67, who says they have over 20 years banking experience and have witnessed 8 takeovers throughout the years, provided a timeline as to what you can expect. More »

      3:56 PM on Fri Sep 26 2008
      By Ben Popken
      11,144 views, 68 comments

      Most discussed sinfuly Delicious: Yeah.. .I dont like chase.. they screwed me once and now I'm on the hunt for another bank that liked more »

    • washington mutual

      WaMu Customers, Office of the Comptroller of the Currency Is Your New Regulator

      As an aside, WaMu's charter was under the Office of Thrift Supervision (OTS). Chase's bank regulator is the Office of the Comptroller of the Currency (OCC). Whether being a Chase customer was your choice or not, if you ever have a major complaint about Chase regarding what you feel is on the bank's part malfeasance, you'll want to send it to the OCC.

      11:56 AM on Fri Sep 26 2008
      By Ben Popken
      2,454 views, 12 comments

      Most discussed Thassodar: So what does this mean for your average WaMu account holder (like me)? more »

    • wachovia

      Now That The Largest Bank Failure In U.S. History Is Over, Is Wachovia Next?

      The collapse of Washington Mutual and the FDIC-engineered fire sale to JPMorgan Chase has people worried — about Wachovia. Wachovia's stock is down 45% for the week, and 27% today as bailout talks stalled in Washington and WaMu held a garage sale at the FDIC. More »

      11:39 AM on Fri Sep 26 2008
      By Meg Marco
      14,808 views, 86 comments

      Most discussed sir_eccles: Hey let's all withdraw our money from Wachovia today and make sure it is next huh? more »

    • washington mutual

      WaMu Fails, Feds Seize It, JP Morgan Buys It, Your Accounts Are Ok

      The Feds seized Washington Mutual and JP Morgan bought it, but don't fret, all your accounts ok. Online banking is completely functional. If you held WaMu stock, on the other hand, it's now effectively worthless. Depositors began fleeing WaMu on September 15, the day Lehman Brothers filed for bankruptcy. In all, they took out about 9% of WaMu's deposits, or $16.7 billion. Regulators say this left WaMu without enough capital to keep functioning. The shakedown and bailout continues apace. What new surprises will the government bring us today, Monday, or even over the weekend? At least this one didn't require taxpayers to foot the bill.

      JPMorgan buys WaMu [CNN] (Photo: So Cal Metro)

      9:50 AM on Fri Sep 26 2008
      By Ben Popken
      6,797 views, 90 comments

      Most discussed blackmage439: WOO-HOO! [We just seized!] Good riddance to bad rubbish. I'm surprised Ben was able to dodge their lying, stupidity, and underhanded more »

    • wamu

      WaMu Downgraded To Even Junkier Junk, Still Looking For A Life Preserver

      The Wall Street Journal is reporting that WaMu is courting several private equity firms about a potential takeover after their debt was downgraded even further into junk status by Standard & Poor's. Once merely "junk," WaMu is apparently, "so junky we are not even kidding around about it anymore." More »

      11:47 AM on Thu Sep 25 2008
      By Meg Marco
      6,772 views, 39 comments

      Most discussed Ben Popken: I transferred all my $ and direct deposit to USAA. Even if I'm not worried about losing my money, I more »

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    • 1-10 of 89 for "Washington Mutual"

    New York, 3:37 PM
    Thu Dec 4
    20 posts in the last 24 hours

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