Kind of nerve wracking week in the financial world. Much of the woes on Wall Street were self-inflicted by a combination of greed and stupidity. None-the-less, now I have a new bank as of Friday morning. Kind of interesting to hear the news this morning stating that the government had seized the assets of Washington Mutual in the largest bank failure in US history and that JP Morgan Chase had purchased them. Just very interesting.
Friday, September 26, 2008
WaMu
Kind of nerve wracking week in the financial world. Much of the woes on Wall Street were self-inflicted by a combination of greed and stupidity. None-the-less, now I have a new bank as of Friday morning. Kind of interesting to hear the news this morning stating that the government had seized the assets of Washington Mutual in the largest bank failure in US history and that JP Morgan Chase had purchased them. Just very interesting.
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2 comments:
you and me both Sam! I quickly got on Friday morning and paid all the bills I could on bill-pay in case... well.. you know...
I wonder if they will be changing the banks name?
Very scary! I'm glad I didn't have any stocks there. What a loss!
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