9/25 Chase buys WaMu deposits, branches, whole mortgages and HELOCs
(all consumer and business accounts safe, even over $100K)
Pays $1.9B to FDIC
Debt, common stock, and preferred stock left in WaMu holding company
WaMu holding company taken over by FDIC
All WaMu branches will re-open tomorrow at normal business hours
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9/25 WaMu deposits and branches to be owned by Chase
Unclear what will happen to WaMu mortgages and debt - some say Chase
is taking that too
If I were to guess, JPM got another non-recourse loan from the govt!
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7/24 Hope none of you or your relatives have > $100K in checking+savings+
CDs or any bonds/stock in Downey S&L or WaMu. Friday night is
bank failure night.
\_ URL?
\_ http://preview.tinyurl.com/6m9suj (NYT)
S.E.C. Warns Wall Street: Stop Spreading the False Rumors
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10/17 What does that Washingtom Mutual ATM policy mean? Does it mean
that you can have a BofA ATM card and use a WM ATM free of charge
or does it mean that WM customers can use other bank's ATMs free
of charge?
\_ It means that if you have a BofA ATM card, you can use a WM ATM
without being charged by WM. That said, I believe that BofA may
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