US Treasury

[akarunway 1]

Damn. They must be running out of ink and paper. And WAMU should be history shortly. Gonna go back to cashing my checks at the local (foreign owned) covenience stores http://news.yahoo.com/s/ap/20080916/ap_on_bi_ge/bank_deposits_safety http://www.cbsnews.com/stories/2008/09/17/notebook/main4455247.shtml

I hold it true, whate'er befall;
I feel it, when I sorrow most;
'Tis better to have loved and lost
Than never to have loved at all.

[airdvr 210]

Quote

Damn. They must be running out of ink and paper. And WAMU should be history shortly. Gonna go back to cashing my checks at the local (foreign owned) covenience stores http://news.yahoo.com/s/ap/20080916/ap_on_bi_ge/bank_deposits_safety

That would assume the check is actually good

Please don't dent the planet.

Destinations by Roxanne

[downwardspiral 0]

Where are you getting the idea wamu is going under?

www.FourWheelerHB.com

[alw 0]

Quote

Where are you getting the idea wamu is going under?

There is some talk thisevening that WAMU is putting itself up for sale and there are some rumors that there is at least one suiter. I think the financial networks may have some followup.

Also some talk of Morgan Stanley merging with Wakovia. With BOA acquiring Merrill Lynch it seems to be leading the way for tie-ups between investment banks and depository banks. This might signal a shift in the landscape that might settle the financial markets. This is something that looks like a possibility in the U.K. as well with talks ongoing today between HBOS and Lloyds.

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Every day is a bonus - every night is an adventure.

[akarunway 1]

Quote

Where are you getting the idea wamu is going under?

Here is a start. http://www.wtopnews.com/index.php?nid=111&sid=1476285 And I take it you don't read much news. This has been ongoing for awhile. Wonder what the new CEO will get for his golden parachute?

I hold it true, whate'er befall;
I feel it, when I sorrow most;
'Tis better to have loved and lost
Than never to have loved at all.

[akarunway 1]

Quote

Quote

Damn. They must be running out of ink and paper. And WAMU should be history shortly. Gonna go back to cashing my checks at the local (foreign owned) covenience stores http://news.yahoo.com/s/ap/20080916/ap_on_bi_ge/bank_deposits_safety

That would assume the check is actually good

No shit. It's an unemployment check right now.

I hold it true, whate'er befall;
I feel it, when I sorrow most;
'Tis better to have loved and lost
Than never to have loved at all.

[FreeflyChile 0]

Quote

Quote

Where are you getting the idea wamu is going under?

Here is a start. http://www.wtopnews.com/index.php?nid=111&sid=1476285 And I take it you don't read much news. This has been ongoing for awhile. Wonder what the new CEO will get for his golden parachute?

I'm too lazy to do the research on this, but perhaps someone else will. Until that time, it's more of a 'have you heard' question.

Have any CEOs of these failing financial companies refused their payouts and actually accepted any blame for any of this stuff? I don't mean where they get tossed and the fed govt blocks it (which IIRC is what happened w/Freddie and Fannie)..I mean, a higher up going 'this happened on my watch, the millions I don't take should be used to compensate those who trusted us with their money'.

[downwardspiral 0]

well crap.

www.FourWheelerHB.com

[alw 0]

Basically Fannie and Freddie ousted CEO's will not receive "golden parachutes"

You can trace this problem back to the loosening of rules under the clinton administration and a little cronyism, but there is plenty of blame in both parties seeking to take the credit for delivering the American Dream.

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Every day is a bonus - every night is an adventure.

[downwardspiral 0]

Quote

Quote

Where are you getting the idea wamu is going under?

Here is a start. http://www.wtopnews.com/index.php?nid=111&sid=1476285 And I take it you don't read much news. This has been ongoing for awhile. Wonder what the new CEO will get for his golden parachute?

Not lately....been too busy actually working

www.FourWheelerHB.com

[shropshire 0]

Jeeze, what kind of 3rd world nation still uses cheques

(.)Y(.)
Chivalry is not dead; it only sleeps for want of work to do. - Jerome K Jerome

[normiss 892]

Come on, let's all make this fun.
I suggest a run on the bank!!!

Everyone put their money in coffee cans!
QUICK!!!

[alw 0]

Quote

Come on, let's all make this fun.
I suggest a run on the bank!!!

Everyone put their money in coffee cans!
QUICK!!!

Maybe we could use some of those empty oil barrels - looking at Pelosi's "Comprehensive" energy bill they won't need them for oil.

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Every day is a bonus - every night is an adventure.

[kallend 2,146]

Quote

Quote

Quote

Where are you getting the idea wamu is going under?

Here is a start. http://www.wtopnews.com/index.php?nid=111&sid=1476285 And I take it you don't read much news. This has been ongoing for awhile. Wonder what the new CEO will get for his golden parachute?

I'm too lazy to do the research on this, but perhaps someone else will. Until that time, it's more of a 'have you heard' question.

Have any CEOs of these failing financial companies refused their payouts and actually accepted any blame for any of this stuff? I don't mean where they get tossed and the fed govt blocks it (which IIRC is what happened w/Freddie and Fannie)..I mean, a higher up going 'this happened on my watch, the millions I don't take should be used to compensate those who trusted us with their money'.

That would indeed be unusual behavior for a "master of the universe" and disciple of greed.

...

The only sure way to survive a canopy collision is not to have one.

[StreetScooby 5]

Quote

This might signal a shift in the landscape that might settle the financial markets

Yep. Everyone wants to have access to a bank's balance sheet. I expect they'll work out something where the trading side doesn't have bank regulations hanging over them. GAAP leaves lots of wiggle room.

We are all engines of karma

[StreetScooby 5]

Quote

Have any CEOs of these failing financial companies refused their payouts

Nope.

But, Congress axed the golden parachutes for FNMA's and FHLMC's CEOs. Likewise, every company that has been "taken over" by the Fed has had their senior executives fired. If necessary, I expect someone could say the firings were "for cause", thus denying them their golden parachutes, also.

We are all engines of karma

[akarunway 1]

Quote

Come on, let's all make this fun.
I suggest a run on the bank!!!

Everyone put their money in coffee cans!
QUICK!!!

I already did mine. Doubt it hurt them tho.

I hold it true, whate'er befall;
I feel it, when I sorrow most;
'Tis better to have loved and lost
Than never to have loved at all.

[Andrewwhyte 1]

Quote

Come on, let's all make this fun.
I suggest a run on the bank!!!

Everyone put their money in coffee cans!
QUICK!!!

Ask the folks in Zimbabwe about that.

[skydyvr 0]

Quote

I already did mine. Doubt it hurt them tho.

So your intent is to "hurt them"? Brilliant.

Hope your coffee can is hidden well, but wherever it is, it probably isn't earning any interest.

In any case, your "fears" seem a little paranoid.

http://www.marketwatch.com/news/story/wamu-shares-rise-15-reports/story.aspx?guid=%7B6F478BAB-901E-43FB-8762-8E8A4BC565B0%7D&dist=msr_49

. . =(_8^(1)