I had a feeling for about the last two months they would belly up. Tons of exposure to bad mortgages.
Option ARMs and pick-a-payment were great company decisions! -----Original Message----- From: Cameron Childress [mailto:[EMAIL PROTECTED] Sent: Friday, September 26, 2008 7:06 AM To: cf-community Subject: Re: No more WAMU ... I actually know someone in banking here in Atlanta who's been saying WaMu (specifically) has been in trouble for about a year now. He's been saying it for a year, not that he just said it. -Cameron On Fri, Sep 26, 2008 at 8:51 AM, Erika L. Walker <[EMAIL PROTECTED]>wrote: > http://voanews.com/english/2008-09-26-voa7.cfm > > *As U.S. lawmakers grappled over a $700 billion dollar bank bailout plan, > one of the nation's largest banks - Washington Mutual Incorporated - > collapsed under the weight of its enormous bad bets on the U.S. mortgage > market. From Washington, VOA's Purnell Murdock reports on what is seen as > the largest bank failure in U.S. history. > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:270968 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
