Credit Crisis scary times.

Submitted by 1002543 on Thu, 09/18/2008 - 02:02

According to 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.

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.

Sat, 09/20/2008 - 02:41 Permalink
Anonymous (not verified)

Holy crap, everyone is selling out right

Fri, 09/26/2008 - 01:56 Permalink
Anonymous (not verified)

It seems that way doesn't it....

Fri, 09/26/2008 - 03:46 Permalink

Everyone seems to be selling's a wonder if our money is safe anywhere nowadays...

Fri, 09/26/2008 - 03:48 Permalink