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mattduke
Light Sweet Crude
Joined: Oct 28, 2005
Posts: 1546
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 Posted: Thu Sep 18, 2008 1:29 pm Post subject: Rumor of run on WaMU in Oregon |
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| Rumor of run on WaMU in Oregon. No link for now. Stay tuned. |
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mattduke
Light Sweet Crude
Joined: Oct 28, 2005
Posts: 1546
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| Posted: Thu Sep 18, 2008 1:58 pm Post subject: Re: Rumor of run on WaMU in Oregon |
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| Rumor link |
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oowolf
Expert
Joined: Nov 09, 2004
Posts: 1257
Location: Big Rock Candy Mountain
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| Posted: Thu Sep 18, 2008 2:06 pm Post subject: Re: Rumor of run on WaMU in Oregon |
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| Heard a similar rumor on a wamu bank in Idaho. There's actually been a slow-moving run on wamu for the last several weeks. A friend closed his account last Monday and bought gold--he's very happy today! |
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Novus
Light Sweet Crude
Joined: Jun 21, 2005
Posts: 1750
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| Posted: Thu Sep 18, 2008 2:57 pm Post subject: Re: Rumor of run on WaMU in Oregon |
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| WaMU is probably the next big bank to fail or bailed out. Looking at that being next weeks crisis. |
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vision-master
Fusion
Joined: May 18, 2006
Posts: 4867
Location: Minneapolis, MN
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| Posted: Thu Sep 18, 2008 3:23 pm Post subject: Re: Rumor of run on WaMU in Oregon |
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| Novus wrote: | | WaMU is probably the next big bank to fail or bailed out. Looking at that being next weeks crisis. |
"But, the economy is fundamentally sound" McBush'ie 
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Believe those who are seeking the truth. Doubt those who find it. |
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Ferretlover
Moderator
Joined: Jun 13, 2007
Posts: 3911
Location: Minniesotuh
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| Posted: Thu Sep 18, 2008 3:26 pm Post subject: Re: Rumor of run on WaMU in Oregon |
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Fitch Places Washington Mutual on Rating Watch Evolving
| Quote: | NEW YORK, Sep 18, 2008 (BUSINESS WIRE) -- Fitch Ratings has placed the ratings of Washington Mutual, Inc. (WaMu) ('BBB-/F3'), Washington Mutual Bank ('BBB/F3') and related entities on Rating Watch Evolving. This action reflects recent market developments, specifically, the waiver by WaMu's largest investors (TPG Capital and related entities) of the price reset rights under their investment agreement and warrants associated with their June 2008 capital investments.
Because the waiver removes an important potential hurdle to the sale of WaMu, Fitch believes it signals a much higher probability of an imminent significant transaction which, depending upon the buyer and the specifics of the transaction, could result in the upgrade or downgrade of WM and related subsidiaries. … |
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"RRrrruuuunnnn!!!" ~Apocalypto |
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thuja
Light Sweet Crude
Joined: Oct 15, 2005
Posts: 1642
Location: Portland, Oregon
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| Posted: Thu Sep 18, 2008 3:33 pm Post subject: Re: Rumor of run on WaMU in Oregon |
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| I call false rumor- I see no substantiation. But I could totally see it- my whole family banks thera dnI've been telling them for months to get out. They don't have over 100,000$ so they are "insured", but who knows what could happen if there was a run... |
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Jotapay
Intermediate Crude
Joined: Jun 21, 2008
Posts: 675
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| Posted: Thu Sep 18, 2008 3:35 pm Post subject: Re: Rumor of run on WaMU in Oregon |
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| thuja wrote: | | I call false rumor- I see no substantiation. But I could totally see it- my whole family banks thera dnI've been telling them for months to get out. They don't have over 100,000$ so they are "insured", but who knows what could happen if there was a run... |
They are definitely going *** up and a lot of people know it. |
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thuja
Light Sweet Crude
Joined: Oct 15, 2005
Posts: 1642
Location: Portland, Oregon
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| Posted: Thu Sep 18, 2008 3:38 pm Post subject: Re: Rumor of run on WaMU in Oregon |
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| Jotapay wrote: | | thuja wrote: | | I call false rumor- I see no substantiation. But I could totally see it- my whole family banks thera dnI've been telling them for months to get out. They don't have over 100,000$ so they are "insured", but who knows what could happen if there was a run... |
They are definitely going *** up and a lot of people know it. |
no question...WaBooHoo |
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TheDude
Expert
Joined: Apr 06, 2006
Posts: 3626
Location: 3 miles NW of Champoeg, Republic of Cascadia
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| Posted: Thu Sep 18, 2008 4:13 pm Post subject: Re: Rumor of run on WaMU in Oregon |
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Maybe they're just out basking in the lack of sun? 
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Cogito, ergo non satis bibivi
C'mon man, who're you gonna believe? |
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FreedomSlave
Heavy Crude
Joined: Nov 11, 2007
Posts: 122
Location: Portland metro, Oregon
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| Posted: Thu Sep 18, 2008 4:18 pm Post subject: Re: Rumor of run on WaMU in Oregon |
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 !
Here's what I posted yesterday on the other WAMU thread:
| Quote: | I called my mother today, who is retired and has a large savings and her checking account at WAMU, and told her to pull everything out and change banks, TODAY!
WAMU may live another week or two, but it will not survive. How can it? Who wants to end up holding the empty bag? Where's the money going to come from? Or, as a customer, who wants to wait in endless lines or for endless months to see IF you can get YOUR money back, especially when so many banks will fail in the weeks to follow?
Listen, if you want to commit suicide - financial or otherwise - just go ahead and trust whatever this government and its cronies tell you to do.
We know the outcome, just not the exact timing. Like most other PO-related topics. |
She did it right away and put it into U.S. Bank (I've since told her to spread it around more).
I also happen to live in Lake Oswego.
I guess it's all MY fault!
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FreedomSlave
Heavy Crude
Joined: Nov 11, 2007
Posts: 122
Location: Portland metro, Oregon
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| Posted: Thu Sep 18, 2008 4:54 pm Post subject: Re: Rumor of run on WaMU in Oregon |
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I just drove by the LO branch at about 3:30. No lines, nothing unusual, but that's not to say that there were no lines earlier.
When my mother went to U.S. Bank, they did ask her if she was moving the funds because of the "rumors" about WAMU. She lied, and told them "no". |
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