Has anyone ever doubted that WaMu was next. If one source has been consistently accurate, it’s been the grape vine, and given all the speculation, I can’t understand why anyone would still have an account there. With three times the deposit holdings of FDIC reserves, I’m sure the FDIC will be relieved if it is bailed out. But if it not, and the FDIC needs to cover depositors, and goes cap in hand to the treasury, the tax payer still ends up having to foot the bill.
