WAMU

User Forum Topic
Submitted by kev374 on July 14, 2008 - 5:19pm

what is the situation with WaMu? What are the chances that this bank will fail in the next 1-2 months? The shares are down 95% from their peak, that doesn't look so good! $3.23 today, almost junk!

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They must be doing fine. Wamu
Submitted by Rustico on July 14, 2008 - 6:01pm.

They must be doing fine. Wamu just sent me a o% for 12 months, stated income, no transfer fee on balances, 0% on purchases credit card offer. Only a bank with a lot of money could do that right?

I guess I'll weigh in here,
Submitted by TuVu on July 14, 2008 - 6:58pm.

I guess I'll weigh in here, since there are other threads like this one. I manage a family trust, which pays the expenses of a couple of elderly relatives. I have just under $100K in CDs at each of Wachovia and WaMu. I called my broker this morning, fretting about WaMu. He told me that Wachovia is way more in trouble than WaMu. Who knows, though.

Looking at the insider
Submitted by j on July 14, 2008 - 8:41pm.

Looking at the insider transactions over the last 6 months, shows WM is (most likely) not a sock you want in your portfolio. There has only been 10,000 shares purchased by insiders. If the stock was a bargain there would be a lot more insider purchasing on a penny stock.

WAMU = Burnt Toast.
Submitted by barnaby33 on July 15, 2008 - 8:05am.

WAMU = Burnt Toast.

TuVu wrote:I guess I'll weigh
Submitted by OC Burns on July 15, 2008 - 11:03am.

TuVu wrote:
I guess I'll weigh in here, since there are other threads like this one. I manage a family trust, which pays the expenses of a couple of elderly relatives. I have just under $100K in CDs at each of Wachovia and WaMu. I called my broker this morning, fretting about WaMu. He told me that Wachovia is way more in trouble than WaMu. Who knows, though.

Kinda like it's better to be stabbed in the gut with scissors than to have your eye gouged out?

Wachovia is way more in
Submitted by bsrsharma on July 15, 2008 - 11:15am.

Wachovia is way more in trouble than WaMu

NEW YORK (AP) -- The situation is increasingly bleak for Wachovia Corp. and the bank's mortgage portfolio will continue to lose value, "seriously jeopardizing" the company's ability to generate earnings, an influential analyst warned on Tuesday....

http://biz.yahoo.com/ap/080715/banks.htm...

Well, if offering CD's at 4%
Submitted by cooprider on July 15, 2008 - 3:18pm.

Well, if offering CD's at 4% is any indicator of where a bank is at then WaMu is screwed. Countrywide was doing that 6 months ago on every page of the paper. Then IndyMAC followed.

WaMu's got on online CD offer now at 4% and I'm sure it will go to print once they find a newspaper who will allow them to buy adspace on credit.

If WaMu survives it will likely only be because Hanky and Bernanky open the vault to them.