They say that behind every great man there is a woman who will eventually be his co-defendant when he is sued by the FDIC for his part in the largest bank failure in U.S. history.
Remember the good old days when Washington Mutual (or WaMu, if you like your bank to sound like a killer whale) still existed? Well, there are about 9.8 million souvenirs of its existence still waiting to be disbursed in the form of unclaimed deposits.
Remember in Sept. 2008, when Washington Mutual went from being the sixth-largest bank in the U.S. to the biggest bank failure in U.S. history? Well, newly released documents show just how reckless and money-grubbing WaMu was in its final months — and how some employees were reaping huge rewards as the bank sunk into the quicksand.
Imagine coming home to find the sheriff on your doorstep with an eviction notice, and then being given 3 hours to get the hell off your property, which is no longer yours because your bank mistakenly sold it out from under you for about a third of its value. Oops! Although we initially assumed WaMu/Chase was behind all of it, NCB Miami reports that actually “a mistake in the Miami-Dade Clerk’s Office appears to be behind the mishap, which landed Ramirez homeless for more than 24 hours.”
Just about everyone’s been smacked with an overdraft fee before, but Michael writes us about his partner who is drowning in a flood of such exploitative charges.
Reader Stephen says that a NYC Taxi driver tricked him into using an ATM skimmer-like-device instead of the normal credit card machine and made off with his card and PIN. The NYPD made an arrest, but Stephen says he’s still battling with Chase/WaMu.
Someone stole reader A’s WaMu credit card number and racked up thousands in fraudulent charges, and now WaMu wants A to pay for it. The fraudsters also made a PIN request for a cash advance over the phone, and WaMu said that phonecall orginated from A’s parents house. Because of this, which A says is impossible, WaMu demands A be responsible for the charges. He’s written letters and called executive customer service and it’s gotten him nowhere. His crappy story, inside…
Dan’s fiancée mailed a deposit envelope containing $1,150 in checks to her bank, WaMu. Someone lost the checks, but nobody will take the blame, and they simply give her the run-around.
If you’re a former WaMu credit card customer and now with Chase, check your bill due dates. They may have changed, according to reports CreditMattersBlog is getting from its readers. Seems WaMu had a 25-day grace period, while Chase has one of “at least” 20.
Check it out, we’re in the New York Post today. They picked up our reader Dan’s story about finding an ATM skimmer at a Chase/WaMu, along with the skimmer spotted by Gizmodo reader Sean after they ran Dan’s story. Neat!
Three different ATM skimmers were found this week and reported on blogs, raising the question of what the heck is going on considering these are supposed to be a rarity. First, our reader Dan found a skimmer on a WaMu/Chase ATM in LA. Gizmodo picked up the story and subsequently their reader Sean Seibel found a skimmer on a Chase ATM in Manhattan’s East Village. Then this kid Nick McGlynn found a setup similar to the one Sean did, also on a Chase ATM. Now, when our reader Dan took the credit-card snagging device skimmer to the police he said they, “got a big kick out of the skimmer, saying they’d never seen one in person.” Hmm… Let’s look at a bunch of sexy ATM skimming photos and figure out what’s up with all these skimmers cropping up…
A megabank that now includes Washington Mutual? Or a hedge-fundy retail mash-up of Sears & Kmart? Which ruins your day?
WaMu went on an insane building spree in Chicago a few years ago, and when combined with Chase, already a huge player in the Chicago market, it became obvious that there are just too many damn bank branches. Chase recently announced that it would close almost 300 WaMu locations nationwide — 57 of them in the Chicago-area alone. The bank branches replaced local businesses during the boom, but will they come back during the bust?
Reader James says he doesn’t want all this crap that the teller at WaMu forced on him earlier today. The Frisbee sucks, he doesn’t like caramel corn, and his refrigerator isn’t magnetic.
This tourist in Rome got robbed and WaMu won’t reimburse him for the money they stole from his debit account.
Like many Americans, Christian and his wife got themselves into debt with a car loan and by using credit cards to pay for their wedding. Now they’ve been working on paying off their debt and had gotten it down from $35,000 to $15,000 — when their credit card companies decided to randomly raise their APR. Now they’ve cut up their cards forever in protest.