Oh Hey, WaMu Collasped
Great - my bank (Washington Mutual) has just been seized by the federal government and shoved into the (undoubtedly reluctant) hands of JP Morgan Chase, the only solvent bank in these United States.
Jonathan Golob of The Stranger has more, as well as some good advice.
Whilst WaMu deposits are covered up to $100,000 per person, it’s probably a good idea to print out your most recent statement. I’m taking screen captures - which will be totally usless when I have to fight for my $100,000.
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September 26th, 2008 at 11:46 pm
Likely your deposits will just get rolled over into a new Chase bank account. I wouldn’t imagine you’ll have to do much. The FDIC 100k insurance is one of the better greased wheels in the banking industry.