Banks: Washington Mutual in danger of bankruptcy?is it in danger of closing? what other banks might or r already filing for bankruptcy? bank of america is safe right now right? it seems pretty stable | |
Banks: Washington Mutual in danger of bankruptcy?is it in danger of closing? what other banks might or r already filing for bankruptcy? bank of america is safe right now right? it seems pretty stable | |
WAMU is in big trouble. The FEDS are looking for a buyer for it but their paperwork is a mess on unsecured credit and they are deep in the mortgage crisis. Their stock is down between 1.95 and 2.35 up and down.
They may end up going under, but they are FDIC secured which means if you have under 100K in their bank, in a few days to a couple of weeks you would get your money back.
My personal advice is to pull your funds out and deposit in a small local bank that is FDIC secured. The smaller banks have tougher regulations and at the moment are less likely to go under and you will have access to your money.
If Wamu survives (Which I am not sure it will) then you can always take your money back to them when they are stronger and more sound.
You can find the best solution for you at: CREDIT-AND-FINANCE.COM-
RE Banks: Washington Mutual in danger of bankruptcy?
is it in danger of closing? what other banks might or r already filing for bankruptcy?
bank of america is safe right now right? it seems pretty stable
Um that's a stupid thing to tell the american public to do, pull their money out. That will just cause more of a problem then a solution!
huh??? r u sure this is your answer???