As far was #3, WaMu technically is Chase. So is Chase safe? They’ve taken on some major debt.
Silly to ask, but after Lehman and Merrill, well, I mean, I was a little surprised. So now I wonder about any bank, no matter what size.
I am concerned about BAC and Wells. They are absorbing a lot of bad loans and we all know the 700 billion is surely not going to cut it. So some of these banks are still holding some bad debt.
Are credit unions safer? I’m hearing they did not participate much in subprime.
As far as FDIC, well, my question, how healthy is FDIC? With so many banks going bellyup, raising it to 250k only scares me more.
