WaMu

WaMu Strikes From Beyond the Grave

March 7, 2009

Hi All, What is about some bad banks? Even after they go bankruptcy, they still send you junk mail. I opened up our box this morning and found yet another insurance come on from Washington Mutual. Its frankly incredible that the bank has gone under, destroyed billions of dollars of shareholder equity, been the recipient [...]

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Washington Mutual – The Anatomy of Disaster

December 28, 2008

Hi All, If you’ve been following us DINKs for a while, you’ll know we love blogging about the former Washington Mutual bank.  Well, the NY Times has really excellent expose on the downfall of this former financial powerhouse. “It was the Wild West,” said Steven M. Knobel, a founder of an appraisal company, Mitchell, Maxwell [...]

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Getting out of WaMu

September 19, 2008

We are thankful that we got out of WaMu before it went down hill. We also feel for those who didn’t. That’s got to suck. Back in 2002 we bought 90 shares of Washington Mutual for $38 a share. After dealing with the hassle of them with the lack of interstate communication, we decided it [...]

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WaMu Disconnected

September 18, 2008

I understand that we’ve received a lot of love from WaMu devotees. I used to be one of them. I’m originally from Oregon, where WaMu is loved and well regarded. I even hung on to my checking with them for several years after moving to Washington, DC. That love affair is long over. It all [...]

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Why Wamu Can’t Fail

September 17, 2008

Here is a great clip from Yahoo Finance‘s Alexis Glick about why WaMu can’t fail. It basically says that it is not legal for the US government to allow Washington Mutual to fail. The stakes are just too high. Bankruptcy is no longer an option. Finding a buyer for WaMu is the only solution. Here [...]

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Bank Ratings

September 16, 2008

A friend of mine contacted me, as many of your are, concerned with whether she was at risk for her bank folding. She banks with Wachovia. She had recently requested a student loan through them, and faced on hassle in getting the final check, so she was wondering if there was a cash flow issue [...]

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WaMu CEO Killinger is Out!!!

September 7, 2008

Hi All, There is some good news for everyone who is a Washington Mutual shareholder. The New York Times is reporting the company’s CEO, Kerry Killinger has been forced out by the companies board. Now, we’ve had a great deal of problems with Washington Mutual, and have even speculated that the company might go bankrupt. [...]

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WaMu Settles Lawsuit for $4,000,000

August 20, 2008

Hello All, A couple of weeks ago, we received a solitation in the mail from the US district court in Eastern New York. Evidently Washington Mutual has agreed to pay over $4,000,000 to settle two class action lawsuits related to overcharging for flood certification fees. WaMu denies it, but is willing to cough up the [...]

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Angry Investors Attack DINK

July 20, 2008

Hi All, Two days ago, I posted my view that Washington Mutual was teetering on the edge of bankruptcy (here). Well, many people on the yahoo message boards did not want to hear it. Check out some of the responses to my posting: “You are such a disgusting scumbag to even suggest that! “ “I [...]

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Progress Towards Our Goals

June 30, 2008

To follow up on James’ post about paying off our second mortgage, I wanted to share my thoughts on what we’ve been doing that works. Since this has been a seven month goal, here are a few links to track our progress if you are interested. These posts include: getting annoyed with WaMu, setting our [...]

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