One less bell to answer. One less egg to fry.
Stick A Fork In Them, They're Done - JP Morgan Chase Aquires WaMu Bank
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and one less bank to fail . . .
toggleswitch2
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My understanding was that the CEO would get a huge golden parachute per his contract if he were able to get WaMu bought-out at a certain price. Of course, nothing to line his pockets if he took the Gov't bailout. I'm guessing (hoping?) that since the CEO was ousted he got nothing.
I had no use of/for WaMu as a bank, but I don't care for Chase much.
I had no use of/for WaMu as a bank, but I don't care for Chase much.
toggleswitch2
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There was a (mini) run on that bank? Had anyone seen this elsewhere or covered on TV news?
~sudsshane
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Washington Mutual.....Good Riddance.
was seized by the FDIC amd sold to Chase for 1.9 billion dollars.
Frankly, WAMU deserved to die this way. I have been a customer of WAMU for years now and have to say the customer service is terrible. I called them as recently as Wednesday to close out my mastercard account and was hung up on 2 times. So, not to further aggravate myself, I am transferring the entire balance to to my new Citibank Visa at a lower interest rate.
was seized by the FDIC amd sold to Chase for 1.9 billion dollars.
Frankly, WAMU deserved to die this way. I have been a customer of WAMU for years now and have to say the customer service is terrible. I called them as recently as Wednesday to close out my mastercard account and was hung up on 2 times. So, not to further aggravate myself, I am transferring the entire balance to to my new Citibank Visa at a lower interest rate.
There goes my mortgage...
nurdlinger
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JP Morgan Chase
That's the bank which through acquisitions now owns Valley National Bank of Arizona, and thus holds my mortgage, the HECL, and other sundry accounts. I was previously not worried about their survival prospects, but now I wonder if these recent buys by them will ultimately destabilize them too, and drag them down as well.
That's the bank which through acquisitions now owns Valley National Bank of Arizona, and thus holds my mortgage, the HECL, and other sundry accounts. I was previously not worried about their survival prospects, but now I wonder if these recent buys by them will ultimately destabilize them too, and drag them down as well.
whirlcool
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WaMu... Who in the hell came up with that name? It sounds like something you'd find in a zoo.
We started out our mortgage with North American and they sold it to WaMu. Terrible service. They were late in paying our taxes so we got late notices from the tax authority. If you'd call them to ask any question at all you'd get "disconnected" after holding for what seemed like forever.
These bastards couldn't have gone out of business soon enough in my book. And Chase ain't much better since they merged with Bank One.
We started out our mortgage with North American and they sold it to WaMu. Terrible service. They were late in paying our taxes so we got late notices from the tax authority. If you'd call them to ask any question at all you'd get "disconnected" after holding for what seemed like forever.
These bastards couldn't have gone out of business soon enough in my book. And Chase ain't much better since they merged with Bank One.
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