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Pages: I give up [1]
Author Topic: I give up

Posts: 2

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2011-01-03 0-55-17-

I give up I'm ditching Wamu. Anyone with them sticking it out? I was going to but this whole junk bond status thing has me nervous. Freeze my account for 60-90 days and I would be so fucked.
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2011-01-03 13-54-12

They own my mortgage :-(
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2011-01-03 18-15-32

wonder what happens there? Surely someone will want your money. I just don't want them to want mine when I still have to pay my mortgage to someone else.
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2011-01-04 0-14-00-

WAMU has all my money not that it's anything they'd brag about, but I have enjoyed their bankiness up till now. I have been willfully ignoring all WAMU news since I heard they might go kabluey. Maybe I should start paying attention now.... junk bonds? Eesh.
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    Posts: 18

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    2011-01-04 3-37-17-

    well no matter what there is FDIC coverage to $100,000 at every commercial bank. if you have less than that invested with wamu it's guaranteed... so since your funds wouldn't change either way (assuming you have less than that), why join in on a run on a bank that can spiral our economic crunch even farther? (i'm playing devil's advocate here and am not trying to force a decision on you by any means. i'm just trying to suggest a 'greater good' to consider.)
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    2011-01-04 5-09-14-

    your point is very valid. I did open a new account last night. After sleeping on it I think I am going to transfer some funds there 'in case' and leave the rest. I still feel the need for a back up plan.
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    Posts: 14

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    2011-01-04 15-00-25

    I'm trying to follow what some financial pundits have advised - "First, do no harm." As in, don't panic and grab out all your money. Not sure how I'd feel if WAMU had my mortgages too (they don't) but I'm leaving my paltry checking and biz accounts with WAMU. May take out a few hundred in case the shit hits the fan... Bonus: it's WAY easier than finding another bank!
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    2011-01-05 11-19-06

    Moved my mom's money from WAMU to a conservative credit union
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    2011-01-11 15-10-13

    My employer IndyMac Bank was recently taken over by the FDIC. It is business as usual and they are looking for another company to buy us out. Hopefully the same will happen for WAMU and there won't be any changes in your account status. Good Luck!!
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