WaMu the 'Largest Bank Failure Ever - I am rushing to my branch this morning to..

WaMu the 'Largest Bank Failure Ever - I am rushing to my branch this morning to check on my money yah


By DANIEL ARNALL and CHARLES HERMAN
Sept. 25, 200

PMorgan Chase & Co., the firm that snapped up Bear Stearns after its collapse, has picked up another bargain.

e nation's third-largest financial services firm has bought the functional assets of Washington Mutual, the nation's largest savings and loan, for $1.9 billion after the federal government shut down the bank this evening and held a quick auction.
The failure of Washington Mutual is not only the largest on record, it dwarfs the previous record set over 24 years ago when Continental Illinois was shut down. Washington Mutual had $307 billion in assets compared to Continental's $40 billion (or $67.7 billion in 2008 dollars).

"WaMu is a very large institution and its resolutions could have posed significant challenges without a ready buyer," said FDIC chairwoman Sheila Bair.

"Ayy George Bush da weytin you doing to us so oohh... Mama Liberia, I am coming back home yah", Dey Pope

hmm.. this thing serious oh

candygirl wrote:

hmm.. this thing serious oh

This is as serious as it can get my dear. For some of us who monitor and invest in the market, it’s dreadful. The current ratio of losers to gainers is currently at 5 to 1, and this ratio will take a tool on the Dow. Just imagine Washington Mutual shareholders have lost billions due to the failure of this giant financial (S&L) institution.

lol da real mama Liberia for true

America coming turn into 3rd world country

when everybody rush to go take there to go take money out the deck of cards fall even faster

Sugar wrote:

when everybody rush to go take there to go take money out the deck of cards fall even faster

and you know it, American people can panic over every lay thing....most Americans don't even have $1000 cash to their name...every thing da credit here.

While I here talking plenty lemme go check ING stock price yah. Can you imagine if you had to put your $$ under the mattress. Nobody will be spending time over my hover to my house...lol

oh ok. price=check, rating=check.

GQ, we all rite for today and tru the weekend(unless people lek dey pope dem start trensferring all the money out then my una transfer button on standby) lol.

DSP wrote:

lol da real mama Liberia for true

America coming turn into 3rd world country

How dare u compare Liberian and the American economies. Liberia own they don't have enough money too bailout financial institutions like America. The American treasury still have enough money for the smooth operation of the US. This is how they are bailing out these huge private financial institutions.

In Liberia our pepo don't have respect for the tax payer money. They can steal like jimmy ringo for example the recent scandal