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Credit Crisis scary times.

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1002543



Joined: 31 Aug 2008
1002543's page
Posts: 82



90 Magic Points
Subject: Credit Crisis scary times.
 
 Posted on Thu Sep 18, 2008 2:02 am  
According to cnn.com WaMu put itself for sale. Probable buyers are Chase, Citi, Wells Fargo(?), HSBC.

According to yahho news, Morgan Stanley tries to sell itself to Wachowia.

It is very scary times, be careful.
miley2g8



Joined: 15 Sep 2008
miley2g8's page
Posts: 9



182 Magic Points
Subject: WaMu Savings
 
 Posted on Fri Sep 19, 2008 5:26 pm  
I have a WaMu savings Account do I need to worry about losing my money?
1002543



Joined: 31 Aug 2008
1002543's page
Posts: 82



90 Magic Points
 
 Posted on Sat Sep 20, 2008 2:41 am  
All accounts up to 100k are insured by FDIC. The problem is that FDIC is running out of money.
If WaMu is going to be bought I am sure that new owner will be happy to keep your money, though they can change APY.
If FDIC takes over WAMU they suppose to take care of your money.
miley2g8



Joined: 15 Sep 2008
miley2g8's page
Posts: 9



182 Magic Points
 
 Posted on Thu Sep 25, 2008 3:38 am  
Thank you for your help.
Guest







 
 Posted on Fri Sep 26, 2008 1:56 am  
Holy crap, everyone is selling out right
Guest







 
 Posted on Fri Sep 26, 2008 3:46 am  
It seems that way doesn't it....
miley2g8



Joined: 15 Sep 2008
miley2g8's page
Posts: 9



182 Magic Points
 
 Posted on Fri Sep 26, 2008 3:48 am  
Everyone seems to be selling out...it's a wonder if our money is safe anywhere nowadays...

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