Washington Mutual Bank Run

JPMorgan Chase & Co., the third- biggest U.S. bank by assets, agreed to acquire the deposits of Washington Mutual Inc. for $1.9 billion as the thrift was seized by regulators in the biggest bank failure in U.S. history.

The U.S. government closed Seattle-based Washington Mutual amid customer withdrawals of $16.7 billion since Sept. 15, the Office of Thrift Supervision said in a statement. WaMu had 'insufficient liquidity' and was in an 'unsound' condition, the OTS said.

http://www.dailypaul.com/node/64219

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• Category

  News & Politics

[ugadawgs1984]

I disagree with the violent mob mentality of the approach used here.

[repfreedomforce]

Care to elaborate? We have no idea what you mean.

[theropingeffect]

I took my money out. Thank you Freedom Force!

[repfreedomforce]

Good choice! Everyone should take a look at the last few minutes of Zeitgeist addendum (the whole movie is terrific IMO). There are several tangible steps for withdrawing you support for the fed reserve system. Not doing business with BofA, JP Morgan Chase, or CitiBank (I believe) is very important since these are the primary power elites that are controlling our Nation today.

[repfreedomforce]

Heads up guys. Citibank could be next. Get your money out now!

[clintontj72]

Woohoo!!!! End the FED...Down with the FED!!!

[aires12345678]

we heading to the poor house!

[Scarecrow0089]

This is B.s the elites planned the hosing bubble. JP knew way in advance that Wamu would fail and this way and they were only to happy to swoop in and buy them off.

[idahoMW]

Trust the Fed.....

They love you and are working their asses off for your financial well-being.

Santa is is making a list and checking it twice too. :)

shhhh, go back to sleeeeep......

[idahoMW]

End the Fed.

No mob... just my personal opinion.

[mongobobo]

The credit union's credit union failed last week. It was an enourmous bank that lent to millions of credit unions around the nation. We'll see a lot of credit unions all over the nation starting to crater.

[americancarguy]

Oh yeah ending the Fed will solve our problems get real! Just what we need to destroy to whole banking system! Fuck off and stop taking joy in innocent people losing every thing because you hate the fed so much you don't even see what they do! If you don't want the fed don't use money! other wise shut the fuck up and let them try to fix things!

[repfreedomforce]

Yeah! You said it! 11.22.08 Nation-wide "END THE FED" RALLY at every federal reserve bank and office in every major city. Send us a personal message for more details or if you want to join us in LA. We will document the event and post a video.