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Old 09-19-2008, 05:28 AM   #1
Baggywrinkle
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Default Rumor: WAMU to close Friday

***** URGENT **** Washington Mutual Bank To Close on Friday!
I have just learned from a previously reliable source that Washington Mutual Bank - the sixth largest bank in the USA, has failed and will close this Friday.

Please spread the word immediately.

http://halturnershow.blogspot.com/20...-to-close.html
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Old 09-19-2008, 05:32 AM   #2
Zarathustra
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Default Re: Rumor: WAMU to close Friday

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Originally Posted by Baggywrinkle View Post
***** URGENT **** Washington Mutual Bank To Close on Friday!
I have just learned from a previously reliable source that Washington Mutual Bank - the sixth largest bank in the USA, has failed and will close this Friday.

Please spread the word immediately.

http://halturnershow.blogspot.com/20...-to-close.html
"and another one bites the dust" Queen
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Old 09-19-2008, 05:38 AM   #3
LOCOAZ2008
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Exclamation Re: Rumor: WAMU to close Friday

I confirmed with a friend of mine who is a CTO at one of WAMU's vendors. They have NOT been paid the 1 million + they are owed for servicing wamu accounts. This money was due monday after it was already late 2 months. They have ceased servicing wamu accounts as of tuesday. You are right, I confirmed it myself that WAMU is broke. I am not sure if they will close friday but they are done. There is no denying it now. This will crush the fdic fund. This is really starting to get scary!!!!!
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Old 09-19-2008, 05:48 AM   #4
Zarathustra
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Default Re: Rumor: WAMU to close Friday

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Originally Posted by LOCOAZ2008 View Post
I confirmed with a friend of mine who is a CTO at one of WAMU's vendors. They have NOT been paid the 1 million + they are owed for servicing wamu accounts. This money was due monday after it was already late 2 months. They have ceased servicing wamu accounts as of tuesday. You are right, I confirmed it myself that WAMU is broke. I am not sure if they will close friday but they are done. There is no denying it now. This will crush the fdic fund. This is really starting to get scary!!!!!

Oh boy !
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Old 09-19-2008, 05:55 AM   #5
LOCOAZ2008
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Exclamation Re: Rumor: WAMU to close Friday

Its time for change dollars to gold (not stock).... Go out of banks....
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Old 09-19-2008, 06:01 AM   #6
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Default Re: Rumor: WAMU to close Friday

I sit here watching that poor kid tumbling down the stairs wondering if he is ever going to find the bottom...

Kinda reminds me of the banking industry right now...

Every time you think it can't get any worse...

It does...
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Old 09-19-2008, 06:05 AM   #7
LOCOAZ2008
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Exclamation Re: Rumor: WAMU to close Friday

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Originally Posted by Rocky_Shorz View Post
I sit here watching that poor kid tumbling down the stairs wondering if he is ever going to find the bottom...

Kinda reminds me of the banking industry right now...

Every time you think it can't get any worse...

It does...
THATS TRUE... WE DONT KNOW WERE IS THE BOTTOM...
REMEMBER "GOLD" NOT BANKS
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Old 09-19-2008, 06:31 AM   #8
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Default Re: Rumor: WAMU to close Friday

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THATS TRUE... WE DONT KNOW WERE IS THE BOTTOM...
REMEMBER "GOLD" NOT BANKS
Can you please tell me where I can buy my groceries with "GOLD"
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Old 09-19-2008, 06:50 AM   #9
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Default Re: Rumor: WAMU to close Friday

Good question. I think I would go ahead and get my food covered and then buy Au. E-Foods direct is shipping in seven days and from what I understand it's pretty good stuff. Or you could go to your local box wholesale (Sams, Costco) and stock up on beanie weanies, spaghettios and canned tuna.

Peace and Love,
cosmic
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Old 09-19-2008, 07:00 AM   #10
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Default Re: Rumor: WAMU to close Friday

You know I've been watching these bank failures for a while. Back in the early 1900's JP Morgan started spreading rumors about the insolvency of the banks which caused a run and put the economy in turmoil. He then gobbled them up for pennies on the dollar. If I'm not mistaken this eventually let to Wilson allowing the central bankers to come in and establish the Federal Reserve. Do any of you think this might be going on here?

Peace and Love,
cosmic
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Old 09-19-2008, 07:06 AM   #11
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Default Re: Rumor: WAMU to close Friday

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Can you please tell me where I can buy my groceries with "GOLD"
Zorgon the magnificent (very cool avatar!),

We won't stop using mediums of exchange, and metals should serve as trusted mediums when paper burns, happened every time across available recorded His-Story. The paper is mostly on-fire, and as a fire-fighter, it generally reaches point of 'flash-over' and all that we do then is sit back and demo it when it exhausts the fuel supply ...

There is a thread offshoot now started that address this question and the what / where / how of metals at:

http://www.projectavalon.net/forum/s...ead.php?t=2411

~ namaste ~
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Old 09-19-2008, 12:10 PM   #12
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Default Re: Rumor: WAMU to close Friday

Ok, So, here's a silly question... does this mean I don't have to pay my WaMu charge card balance? and to think, I just made a payment... I could've stocked up on some food instead!
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Old 09-19-2008, 04:51 PM   #13
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Default Re: Rumor: WAMU to close Friday

well its friday....maybe late today i dunno but the govt is really manipulating things and delaying this collapse. I still heavily believe this collapse will happen this yr still
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Old 09-19-2008, 04:58 PM   #14
QUESTINY
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Default Re: Rumor: WAMU to close Friday

This is another great reason why this forum is so important. Thank you for sending this information. I have a two business accounts at WAMU. I do love the bank but I had to remove as much money as I could out.
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Old 09-19-2008, 05:33 PM   #15
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Default Re: Rumor: WAMU to close Friday

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Originally Posted by zorgon View Post
Can you please tell me where I can buy my groceries with "GOLD"
At any large, diversified flea market.
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Old 09-19-2008, 05:43 PM   #16
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Default Re: Rumor: WAMU to close Friday

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Originally Posted by Survivor View Post
well its friday....maybe late today i dunno but the govt is really manipulating things and delaying this collapse. I still heavily believe this collapse will happen this yr still
I assure you if this doess happen it will be after the markets close (as usual).
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Old 09-19-2008, 10:13 PM   #17
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Default Re: Rumor: WAMU to close Friday

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Originally Posted by JSErwine View Post
I assure you if this doess happen it will be after the markets close (as usual).
At the Bipartisan meeting today, they are saying the plan's will be locked down on Tuesday... President Bush is sending them what needs to be worked out over the weekend.

When the truth was dropped on the room, it was as if the oxygen was sucked out...

no one could breath or speak for over 10 seconds...

a Trillion Dollar Bail out plan...

3 Million homes in foreclosure stages right now, and the adjustable rates are about to change tanking twice as many more...

The Government is about to take on all those foreclosures to take them off of the banks books so they have credit to lend again...

Last edited by Rocky_Shorz; 09-19-2008 at 11:18 PM.
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Old 09-19-2008, 10:37 PM   #18
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Default Re: Rumor: WAMU to close Friday

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Originally Posted by NewParadigmGuy View Post
At any large, diversified flea market.
We need large diviersified flea markets, or village markets everywhere.

Just my 2 cents.
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Old 09-19-2008, 10:46 PM   #19
sky
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Default Re: Rumor: WAMU to close Friday

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Originally Posted by Rocky_Shorz View Post
They are saying the plan swill be locked down on Tuesday...

When the truth was dropped on the room, it was as if the oxygen was sucked out...

no one could breath or speak for over 10 seconds...

a Trillion Dollar Bail out plan...

3 Million homes in foreclosure stages right now, and the adjustable rates are about to change tanking twice as many more...

The Government is about to take on all those foreclosures to take them off of the banks books so they have credit to lend again...

Hi Rocky Shorz,

I'"d like to know where you got this info from. It concens WAMU?

Ambara
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Old 09-19-2008, 10:54 PM   #20
Dantheman62
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Default Re: Rumor: WAMU to close Friday

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Originally Posted by QUESTINY View Post
This is another great reason why this forum is so important. Thank you for sending this information. I have a two business accounts at WAMU. I do love the bank but I had to remove as much money as I could out.
Hey, Q, the government won't let WaMu fail will they, they're not letting anyone else!
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Old 09-19-2008, 11:15 PM   #21
Rocky_Shorz
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Default Re: Rumor: WAMU to close Friday

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Originally Posted by sky View Post
Hi Rocky Shorz,

I'"d like to know where you got this info from. It concens WAMU?

Ambara
It concerns all 1000 banks that would close without it... not just Wamu


I bought Wamu Stock Yesterday for a short ride, almost doubled before I hopped out
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Old 09-19-2008, 11:57 PM   #22
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Default Re: Rumor: WAMU to close Friday

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Can you please tell me where I can buy my groceries with "GOLD"
exactly
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Old 09-19-2008, 11:59 PM   #23
sky
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Default Re: Rumor: WAMU to close Friday

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Originally Posted by Rocky_Shorz View Post
It concerns all 1000 banks that would close without it... not just Wamu


I bought Wamu Stock Yesterday or a short ride, almost doubled before I hopped out
Incredible, 1000 banks...


Great WAMU deal you did though


This Bipartisan meeting really happened today alreadY? I didnt' read about it anywhere else yet.
This is huge

Last edited by sky; 09-20-2008 at 12:12 AM.
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Old 09-20-2008, 12:52 AM   #24
Bonnie
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Default Re: Rumor: WAMU to close Friday

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Originally Posted by Peace4Gaia View Post
Ok, So, here's a silly question... does this mean I don't have to pay my WaMu charge card balance? and to think, I just made a payment... I could've stocked up on some food instead!
not a silly question. I askd myself that same question. I guess people with WaMu charge cards should continue to pay their bill.
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Old 09-20-2008, 12:54 AM   #25
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Default Re: Rumor: WAMU to close Friday

well halifax one of th elargest banks in britain released a statement saying not to worry it was healthy ..

the next day we here it is in deep doo doos and it has to be bailed out by merging with Lloyds TSB ... which is bad news for the people..

never heard of banks going down before it is very weird .. and more are sure to hit the dust ..

what does it mean for us the people ?
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