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After Enron, I can't imagine a company pushing employees to put much of their 401k in their own stock. If she didn't know where the money was, she really needs to get in touch with it and find out. That's scary. And why the hell didn't she tell people to go how and leave them money alone...

Yep. Discussed in the WM thread(s).

No kidding. That and 5% CD rates!!! :D You think any employees had a clue? LOL

You'd think this day and time people wouldn't be so stupid. But they are which almost gives the picture credibility. Almost, but not. Have them look at how WAMU customers taking $17 billion out worked out for WAMU.

I noticed activity after the close. It was strange though. :confused:

So roughly $44 million to pay out to 2 guys, one that was driving when it went off the tracks and one to grab the wheel for the last few seconds while it finished crashing? :mad:

Well shit......... :mad: I'll never doubt you again. :p

They claim there was a pseudo mini-run of $17bil starting on 9/15. That may have been what accelerated the situation. People not using their head thinking they lived in Potterville.

That's what I assumed, but what I guess I can't swallow, is that they had the books open that much, and WAMU was at this point and no one knew outside their doors. Seems hard to understand how that isn't disclosed. All the talk that the "bail out" had them waiting to see what it wound mean...

And this from the OTS. :mad: http://www.ots.treas.gov/?p=PressReleases&ContentRecord_id=9c306c81-1e0b-8562-eb0c-fed5429a3a56 "The OTS closed the institution and appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC held the bidding process that resulted in the...

Have I been living under a rock????? A clip from the OTS web-site released tonight: "Pressure on WaMu intensified in the last three months as market conditions worsened. An outflow of deposits began on September 15, 2008, totaling $16.7 billion. With insufficient liquidity to meet its...

Thanks for the update Random.Capital. It must feel good to them sitting on that side of the table.... :mad:

It's fucking politicians sucking this into a campaign play. What fucktards. I'm close to pulling my vote....like they give a shit, the bastards.

OTS Had Shut Down WaMu Due To Insufficient Liquidity Sep 25, 2008 21:09:06 (ET) (MORE TO FOLLOW) Dow Jones Newswires September 25, 2008 21:09 ET (01:09 GMT)

OTS Had Shut Down WaMu Due To Insufficient Liquidity Sep 25, 2008 21:09:06 (ET) (MORE TO FOLLOW) Dow Jones Newswires September 25, 2008 21:09 ET (01:09 GMT)

Fuck! OTS Had Shut Down WaMu Due To Insufficient Liquidity Sep 25, 2008 21:09:06 (ET) (MORE TO FOLLOW) Dow Jones Newswires September 25, 2008 21:09 ET (01:09 GMT)

It sounds like it was an orchestrated deal with the feds pulling things together. I could be wrong. This sucks like nothing I've ever seen......

...and in the meantime, the fucking politicians are playing "my dick is bigger then your dick" with the "bail out" plan that had it been completed, might have salvaged something?? And to think I was trying to sell this shit at $4.50-$4.60 range on Friday AM and eTrade was so fucked up they...

2 dolla' is starting to look good right about now....... :(

Makes me even happier that eTrade's systems were so fucked up Friday AM that they couldn't even find that I had WM to sell thus wouldn't accept a sell order....until it was down again. :mad: