Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Will there be a "Run" on WaMu?

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
 
mrJJ Donating Member (657 posts) Send PM | Profile | Ignore Mon Sep-15-08 08:02 AM
Original message
Will there be a "Run" on WaMu?
I wonder how many WaMu customer's will be pulling out their cash before the week is out?
Printer Friendly | Permalink |  | Top
Pab Sungenis Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 09:07 AM
Response to Original message
1. Two of the three big "W" banks are due for a run.
WaMu is one. Court orders prevent me from naming the other, but it's not Wells Fargo.
Printer Friendly | Permalink |  | Top
 
Raineyb Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 09:32 AM
Response to Original message
2. If you're under
$100,000 does it really matter?

I can't imagine anyone who has more than that keeping their money there, Wamu is so low budget. (And I do have money there. Perhaps I should start looking for a new bank.)

Regards
Printer Friendly | Permalink |  | Top
 
1corona4u Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 09:35 AM
Response to Original message
3. Why would they pull their cash out?
They're backed by the FDIC. Unless you're suggesting the FDIC won't pay...

I have a large amount of cash(over 50K)in one of the W banks, and I'm not taking it out....where would I put it? Under the mattress?

Not.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Thu Apr 25th 2024, 02:04 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC