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Forums - General - The madness continues - WAMU going under

bigjon on 27 September 2008
madskillz said:
bigjon said:
At least Wachovia, Bank of America, and National City are still OK... or did I speak too soon?

Wachovia is in trouble - talks are under way to buy it or bail it out. Not sure about the rest.

 

 

 Yea, lol I read about Wachovia today, one of my accounts is there. I think most or all of it is still covered by FDIC. So I am not going to panic and pull my funds (and be part of a bank run)

Bank of America must be fine, they are the ones who bought out Merril I believe. I assumed national city was fine because I had not heard anything on them.



End of 2009 Predictions (Set, January 1st 2009)

Wii- 72 million   3rd Year Peak, better slate of releases

360- 37 million   Should trend down slightly after 3rd year peak

PS3- 29 million  Sales should pick up next year, 3rd year peak and price cut

Around the Network
Coca-Cola on 27 September 2008

I heard WaMu customers withdrew about $180 billion in past six weeks.



madskillz on 28 September 2008
bigjon said:
madskillz said:
bigjon said:
At least Wachovia, Bank of America, and National City are still OK... or did I speak too soon?

Wachovia is in trouble - talks are under way to buy it or bail it out. Not sure about the rest.

 

 

Yea, lol I read about Wachovia today, one of my accounts is there. I think most or all of it is still covered by FDIC. So I am not going to panic and pull my funds (and be part of a bank run)

Bank of America must be fine, they are the ones who bought out Merril I believe. I assumed national city was fine because I had not heard anything on them.

@ BJ - I heard a rumor about BA buying a big bank. I have my loot there - but it's not enough to break me. If Paypal goes under, look out!