Reaction: The Collapse of Washington Mutual

[samuelrosenbalm]

Now those old white bankers own that hip black wamu guy,

[sha370z]

one guy  9 home loans in five states

[jm31563]

oops...i meant "sue" them.

[jm31563]

Funny, before all this happened-I was a loyal banking customer of Wamu for at least 6 years prior to the meltdown. When I got with them and read the pamphlet they sent me, I immediately questioned how aggressive they were expanding. 2009, my bank changed to JP Morgan Chase-didn't know exactly why, but later on I found out. Thank god I was not a 1st time home buyer or shareholder, because I more than likely would be in line with everyone else trying to suing them.

[HeddyValle]

wise words from a wise woman

[seattledeevee]

They cleanedout the building downtown--but no one could say anything because they would get fired for talking to the press!! WE WERE ROBBED, STRONG ARMED BY JPMC and the FEDS facilitated this takeover because WAMU turned down the offer to buy them from JPMC the year earlier, and the year earlier....JPMC wanted WAMU, and theywere willing to play dirty pool to do it!

[seattledeevee]

We were sent home at Thanksgiving time 2008---but kept on the payroll until Jan, 2009. This was a way to lay everyone off, but keep them quiet, because we had to be an employee "in good standing" to get any severence pay one month after being cut from payroll.

[OhNoPaypal]

She actually sounded educated. A++

[jojo808]

actually?

[karin5199]

@jojo808 I can see where OhNoPaypal is going. Usually any news organization is going after someone who doesn't look like they know what they are talking about.

[Somethinzfishy]

Great Western Bank existed in the days when banks simply put were not the same institutions they are now. I was a loyal customer of GW and loved it. Wamu has been nothing but trouble since I decided to stay with them after their takeover of GW. They are fee hungry nailed people for the lightest transgression and alot of times when nothing had been done by the customer.! Consumer groups have alledged fradulent business practices among other things. Wamu is guilty as hell for what they've done !

[bfreder]

WAMU was screwed from the start when they changed over from Great western bank.

[arsman25]

Well Said!

[Nicole82170]

WMI was solvent and well-capitalized, and Killinger didn't drive WMB

into the ground. the Naked Shorts did , along with the legal shorts,

that should have never been able to be executed because WM should

have

been on the no-short list along with the other banks.

Why was WM not on the no-short list?

Because Paulson and the other crooks wanted them to get shorted into

the ground before the BAILOUT came.

[zion3631]

The woman spoke it Perfectly. I was a manager for WAMU and Chase both. The government is well aware of the trouble that Americans are facing and have a hidden agenda that will eventually harm everyone in the next 10 years.

[acrusnik]

WaMu was screwed from the start..... chase took over and i dont know if thats a good thing or a bad thing. the people who are getting layed off because of it is a very BAD thing.

[5ninerdelta]

can u believe the new wamu commercials?!! what a friggin shame! these people should be gathered up and shot and fed to the pigs

[IONIESKYE]

LUV IT!!!OBAMA HAS WON THE 44TH PRESIDENCY OF AMERICA!!! OBAMA HAS WON THE 44TH PRESIDENCY OF AMERICA!!!

THOUSANDS OF PEOPLE IN CHICAGO & around the world... listened 2 Obama's speech...

The union of 55 states of America.

Witnessing a change in America.

The people who voted Obama felt good about it!

"Out of many we are one"

"WHAT AMERICA DO POLITICALY EFFECTS THE WORLD."

"RAINBOW POPLE COMING TOGETHER FOR CHANGE WITH OBAMA"

JESSE JACKSON'S DREAM CAME TRUE.

[peezhead]

I'm not tyring to flash the "race card". But this goes to show u that all blacks are not dumb. All you have to do is study. That is why the Chinese are known to be intelligent because they go to school all year around. In the U.S. their families put the children in Saturday programs.

[saady2s]

CHASE = Best Bank

[7boon]

Within a few weeks, CHASE = Only Bank

[theshakl]

wow this woman is very well educated

[wiriness]

she reminds me of old school Americans. I miss those days.

[Nicole82170]

Is it possible that Washington Mutual and other bankks may can be able to try to comeback or start over from scratch over again after CHASE takes over, if Barak Obama gets elected on NOV 4th or if the economy gets better ? Can You Tubers answer my question ? Thanks !

[banstaman]

Correct me if I am wrong, but Chase will have to spin WaMu off as an independent company, and there is no way JPM will do such a thing, when in such an industry, you fight for your footprint, and little to no competition almost doesn't effect you.

[Nicole82170]

I liked that very nice comment that she made in front of the camera and i don't blame her. I am a Washington Mutual customer, then now i am a Chase customer, which i'm not satisfred with because i love that Bank and it was a good bank. Me and everybody is upsect over that shit and i wish that Washington Mutual can come back, if Barak Obama gets elected on November 4th. I'm voting for Barak Obama !!!!!

[exquisitepain]

when i worked at wamu in 99 it was a great bank. however, the 'neighborhood deposit bank' turned into a money-hungry and elitist institution. i was eligible for a management position. my performance was 100% right on. politics cameinto play into when after 0 warning asst manager felt threatened and fired me. the excuse? oh i had been $.05 short on my till that day and i had done a noncash deposit for someone i know. steve you have no backbone.your loss jerk. bye wamu

[wiriness]

yeah, it's all about you, EP.

[exquisitepain]

you're right.

[bozolips24]

I worked in the building products industry for 7 years during the building boom and we saw this coming. Thats why I bailed out a year ago. The lenders knew this was coming too, everyone did. I don't know why people are so shocked, it was bound to happen. Greed and the "Live For Today" attitude did these banks in.

[question4seller]

WAMU IS A RIP OFF BANK AND SO IS CHASE !!!

[Nicole82170]

I am a WAMU customer and i never had no problem with them. They never riped me off

[glong86]

I am so pissed I bank at wamu and I hate JP Morgan!

[Nicole82170]

I am a WAMU customer and i was pissed too. I was getting a feeling like i wanted to cry that day and i never gonna be satisfied being a CHASE customer

[banstaman]

You can always switch over to TD (Commerce), I mean they do have the same things as WaMu, right? I mean my father uses WaMu, but I'm sure TD also has free checking, and wire transfers.

[clou174]

WAWU should make this lady as a C.E.O she knows what's up... You go girl!!! hahaha

[ProximaAlpha]

The lady rocks. Five stars.

[utube9000]

Put this lady in charge! Send Obama back to ACORN!

[electrostatic1]

This is SO B.S. It isn't a coincidence that this was brokered by force hours before the bailout was set to go through... Once it does JP Morgan/Chase won't have to write down anything. They got all of their assets, none of their debt, and in another week any "bad" loans that might be in the package will be taken care of.

[votethirdpartynow]

the bankers want your retirement and savings

[madmon256]

James chapter 5:1-3 "Go to now, ye rich men, weep & howl for your miseries that shall come upon you. Your riches are corrupted and your garments are motheaten. Your gold & silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped up treasure together for the last days." There's more....just read the words of the MOST HIGH and it shall be made truly known to HIS chosen.

[burdockman]

lol keep your religious jargon to yourself...these are the kind of things that happen in a capitalist society so deal without. The depression was waaay worst and we got out of that.

[ChaarabGabar]

Dun Dun Dun....

[flatsignedbooks]

HEY the rotten little POS CEO got 13 million in bonus and severance pay. Get this, On the job for 3 weeks!!!!!!!!!!!!!!!!!This woman is absolutly correct!!!

[LU29UN99]

good, I hope everthing collapsed 'cause everyone cheat lie & steal. illegal rats corrupted this great white nation. they have abortions, they corrupt the welfare system for the eldery, they make criminals, etc...

[anitaalford]

Hi, I read your comments concerning the banks collapsing. I just want to say that as long as you believe in Yahshua(Jesus)then everything will be fine. You have to trust in him and repent for your sins.

[MozzerRocks]

I want this woman for President! Obama can be her VP. :)

She speaks for me. That's for d@mn sure.

[IcyKitty]

This is not going to get us out of the problem. They are going to let the executives get their bonuses, bail out the banks and let them go on giving crappy loans. Bush has to put it in simple terms because the fool has a simple mind.

[soulinite]

How come the government can spend billions to blow up oil rich countries and bail out the richest of the rich but can't adress universal health care?

[PatriotMcCain]

This lady spoke for all of us.

[TECHKLEC]

Well said Ma'am...excellent point.

[pckelsoe]

Well put. This lady kicks ass. I bank at WAMU too and am SUPER PCYCHED about now banking with JP Morgan. Mark of the beast, indeed.

[Savethepolarbears79]

LOL i am glad i am already poor then LULZ

[stevebully]

Lol,theres nothing left after broke.lol

[Savethepolarbears79]

exactly