Washington Mutual

In an unprecedented turn of events, the largest bank failure EVER just occurred last night at 6:15PM Pacific Standard Time.

Fortunately, JPMorgan Chase was there to buy us, so now Washington Mutual is safe. Had not WaMu been purchased, many bad things would have happened, one of which would include the collapse of the FDIC.

I personally am very excited about this. It would have been BETTER if none of this had happened, of course, but at least we won’t have a slew of concerned customers flooding into the bank day by day, closing accounts, and drawing out tens of thousands of dollars. It’s no fun when you’re criticized day by day for the way your company is going. We have LOTS of loyal customers too…but still, I want banking the way it used to be when I first started. That’s what I enjoy…doing regular transactions for everyone, but where everyone is happy.

I can’t wait to get back to that.

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Friday, September 26th, 2008 Uncategorized

2 Comments to Washington Mutual

  1. I was gonna ask you about that when I heard! I was wondering if you would still have your job and all that, but that’s good to hear! It could’ve been a lot worse, so thank God for JP Morgan stepping in! :-)

    2. IWUwombat on September 29th, 2008

  2. I’m sorry that so many people have withdrawn their money! I would like to say that I am a loyal customer of WaMu. And I think is was horrible that they were sold, but is was better than them totally going under.

    3. Miriam on September 29th, 2008

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