Washington Mutual deathwatch

I don't think WAMU will even make it to friday which has become the traditional day of reckoning. Banks go into the Fed's office on Friday afternoon and emerge on Monday worthless and defunct.

NEW YORK (Reuters) - Washington Mutual Inc (WM.N: Quote, Profile, Research, Stock Buzz), was downgraded to "junk" status on Monday by Standard & Poor's amid concern about mortgage losses, causing shares of the largest U.S. savings and loan to slide after-hours following a 27 percent plunge in regular trading.

www.reuters.com...

THe local zionist newschannel even broadcast a blurb tonight about WAMU being on the verge of the abyss. Now even the little people know that WAMU is a gonner.

[edit on 16-9-2008 by In nothing we trust]

Heh, pulled my money out a week ago, and when she asked why, I said because I'm just a liitle smarter than most people from reading ATS.

Wait! What's that sound?

Tick ... tick ... tick ... tick ... tick ... tick ... tick ... tick ... tick ... tick ... tick ... tick ... tick ... tick ... tick ... tick ... tick ... tick ... tick

Sooo should I keep that pile of WAMU Credit Card offers as collector items?

Hey wait! Didn't they buy Providian????? HAHAHAHAhahahahahahahaha

WaMu looks to have been transferred to the ICU.

Marketwatch

Washington Mutual, the nation's largest thrift, has put itself up for sale, the New York Times reported on Wednesday, citing unidentified people briefed on the matter.

[edit on 9/17/2008 by anachryon]

Isn't putting itself up for sale the same as "Bankrupt"? This is not a one line post.

Originally posted by TruthWithin
Isn't putting itself up for sale the same as "Bankrupt"?

I think it means, '48 hour warning'.

Friday afternoon soon approacheth.

Here . . .

Give that bank a decent burial.


"Happy days are here again . . ."

I guess it's time to put the shoes on and re-deposit the money.