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.