JPMorgan to buy Wamu

[w¡n9Nµ7 §£@¥€r 123]

JPMorgan Chase & Co has agreed to acquire the deposits of struggling savings and loan Washington Mutual Inc (WM.N) in a government-brokered deal, the Wall Street Journal reported on Thursday.

http://news.yahoo.com/story//nm/20080925/b...pmorgan_callbiz

[IAMX 3,055]

So I don't need to make a run on my bank yet?

[Mr. Big Dog 10,747]

[~PalmTreeGurl~ 154]

so what does that mean for me who has a checking and savings account with WaMu?

[w¡n9Nµ7 §£@¥€r 123]

so what does that mean for me who has a checking and savings account with WaMu?

It means JPM just bailed you out.

[Mr. Big Dog 10,747]

so what does that mean for me who has a checking and savings account with WaMu?

It means JPM just bailed you out.

Only if it is above 100K - up until that amount, the deposits were FDIC insured.

[SpiritAlight 1]

JP Morgan - Chase bank just got bigger.

That's what that means.

Less and less options...just like commercial/corporate media.

Is the sky falling yet?

Bah!

[HAL 9000 96]

*looks around for a Credit Union*

[SpiritAlight 1]

*looks around for a Credit Union*

Yup!

[w¡n9Nµ7 §£@¥€r 123]

Credit unions can - and do - fail.

[HAL 9000 96]

Credit unions can - and do - fail.

Not university ones!

[spookyturtle 9,466]

What does this have to do with Palin?

[IAMX 3,055]

What does this have to do with Palin?

Your wanking goes in another thread.

[spookyturtle 9,466]

Your wanking goes in another thread.

No, I'll keep it with yours.

[IAMX 3,055]

Your wanking goes in another thread.

No, I'll keep it with yours.

The only wanking I'm doing is that my money is safe.

I know you love Sarah Palin, but it can go somewhere else.