“small savings account (about $40K) at Washington Mutual paying 5%”
Might want to stay up a bit longer at night.
“Washington Mutual warns on subprime pressures”
“Due to the conditions roiling the subprime sector, “the companys liquidity may be affected by an inability to access the capital markets or by unforeseen demands on cash.
“This situation may arise due to circumstances beyond the companys control, such as a general market disruption,” the bank said.”
