Reaction: The Collapse of Washington Mutual

Washington Mutual is known for its no-thrills, no-fees banking with a neighborly feel. But the collapsed bank's new owner, JP Morgan Chase, doesn't give off those vibes. Many are upset. (Sept. 26)

Category:

News & Politics

Tags:

• financial
• meltdown
• reaction:
• collapse
• washington
• mutual

[theshakl]

wow this woman is very well educated

[TECHKLEC]

Well said Ma'am...excellent point.

[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

[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.

[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.