RSSSeptember 17, 2008
Bank run Wednesday, everyone! Meet you at WaMu!
Washington Mutual might be the next bank to fail. Shares of WaMu, the nation's largest savings and loan, fell 27% on Sept. 15, to $2 a share. WaMu has $239 billion in real estate loans, and $53 billion of those are sub-prime. We don't know what that means either, but we're headed out the door for a bank run. Hell, even WaMu's ATMs know they're screwed.
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Filed under: Washington Mutual stock, Wall Street crisis, financial crisis, WaMu stock, WaMu banking, WaMu failure, Washington Mutual fall, Wall Street bankruptcy, Washington Mutual housing bust, housing bust, breaking the buck, Lehman Brothers bankruptcy, reserve funds, break the buck, money market funds, Lehman Brothers, AIG Fed loan, AIG federal government loan
posted 4:52 pm on 09/18/2008
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