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Washington Mutual DEAD!

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Old 09-26-2008, 07:02 AM
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Originally Posted by m6ontheway' post='678594' date='Sep 25 2008, 11:10 PM
They own my house thats about it thank God.
same here they own mine as well ...
Old 09-26-2008, 07:11 AM
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mmmm, I owe WooMoo five or four bucks. Think they will just let it slide?
Old 09-26-2008, 07:11 AM
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Originally Posted by 530ISPORT' post='678935' date='Sep 26 2008, 11:02 AM
same here they own mine as well ...
So that's why they are in trouble Joe...its all your fault!

Bear Sterns owned mine... been there done that...
Old 09-26-2008, 07:17 AM
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WaMu owns (owned) mine.
Old 09-26-2008, 09:02 AM
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Originally Posted by Brit_in_NJ' post='678940' date='Sep 26 2008, 11:11 AM
So that's why they are in trouble Joe...its all your fault!

Bear Sterns owned mine... been there done that...
yea rich you got me.... .. YEA ITS BECAUSE OF MY CAR!!!!!!!!!!!! im buying mods instead of paying off my house... my wife is going to kill me
Old 09-26-2008, 09:08 AM
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That's what FREE CHECKING does!!!
Old 09-26-2008, 10:00 AM
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I hear that Goldman Sachs is offering free toasters when you open a new checking account...
Old 09-26-2008, 11:45 AM
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Originally Posted by flyingpuck' post='678613' date='Sep 25 2008, 10:30 PM
WOO HOO! I'll not miss those commercials!! :thumbsdown:
+1!
Old 09-26-2008, 02:18 PM
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LOL, well they own mine too! After all this, I think I was one of the few, along with the rest of you guys, who actually pays them every month.
Old 09-28-2008, 07:24 AM
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This is scary. I had worked for a large large large company a few years ago, and we had sent 50+ people to go and rework the service contracts with WAMU.

Basically, a lot of stuff got back-loaded on a 5 yr contract. I'm sure WAMU did the same thing with other contracts they had, mainly to help the books in the short run.



Anyway, my point is - a lot of non-financial companies are going to be huge creditors... billions of dollars are being left unpaid, and I'm sure it's the same tune at the other dead financial corporations. I mean, you kind of assume that the big name suppliers of products/services will be creditors (in the bankruptcy sense of the word) for these dead companies, but I'm not sure ordinary people realize how aggressive some of these banks were in restructuring debt and contracts when the loan market started slowing down.



Oh, and free checking was nothing. I had an account with SeaFirst Bank (Seattle's First) back in the early 90s (bought by WAMU). They had this insane policy... if you waited in line more than 5 minutes, they gave you $5!!! Imagine being a college kid and knowing that? I'd go at lunchtime when the line was 20+ people long, and it would still only be a few seconds past 5 minutes. Great service! It was nice getting $5 for lunch once in a while.
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