WaMu Fell and brought by JPMorgan Chase

[Hosted-Inside]

Sad i loved that bank WaMu sold to JPMorgan Chase (my bank ) for 1.9 billion

http://money.cnn.com/2008/09/25/news/companies/JPM_WaMu/index.htm?postversion=2008092519

 

[Chef Patrick]

Yea I have Wamu...
My wife was a little scared because the insurance is only up to $100k, we thought we were going to lose our asses. JP Morgan Chase buying the bank is certainly a good thing. Plus JP Morgan Chase mainly had a presence in the North East so this will certainly help their branch businesses.

 

[labrocca]

This is big for Chase...they will have a nationwide presence now. Glad WAMU customers are gonna be ok.

 

[Hosted-Inside]

This is big for Chase...they will have a nationwide presence now. Glad WAMU customers are gonna be ok.

More than big for chase thats a big win dam all those branches prob cost 1 billion lol

 

[napa]

Bad move by Chase, but if you get big enough the government will protect you...

 

[CrazyTech]

Wachovia was on the verge and they were bought out by Citi Group. I've been watching this one because Wachovia is currently my bank and I was ready to pull funds this week if there wasn't a buyer. Still not sure if I will stay with them or not.