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JPMorgan to get WAMU's deposits

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posted on Sep, 25 2008 @ 08:02 PM
First they get Bear Sterns on the cheap, and now WM.

The only problem is, I am an investor and I have followed Wamu stock for 2 months now. I follow all the news, as this is my job, so I was, like many investors where almost 100% sure that Wamu is healthy. The stock was shorted like crazy, but the deposits were healthy. No runs on the banks.

There's no way Wamu could have failed.

FDIC took over anyway, and essentially GAVE the BIGGEST DEPOSITOR to JP Morgan.

Meanwhile, Wamu shareholders are TOAST. If you were at work might as well come home and commit suicde, cuz you just lost everything on WAMU....

JPMorgan should be investigated.

News according to CNBC

posted on Sep, 25 2008 @ 08:05 PM
Ongoing news discussion...


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