|
Printer-friendly format Email this thread to a friend Bookmark this thread |
This topic is archived. |
Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) |
grantcart (1000+ posts) Send PM | Profile | Ignore | Sat Sep-27-08 11:25 PM Original message |
Liquidity Crises Fact -- WaMu failure the result of the largest bank run in world history |
Printer Friendly | Permalink | | Top |
FreakinDJ (1000+ posts) Send PM | Profile | Ignore | Sat Sep-27-08 11:32 PM Response to Original message |
1. And the FED handed JP Morgan a REALLY GOOD Deal |
Printer Friendly | Permalink | | Top |
grantcart (1000+ posts) Send PM | Profile | Ignore | Sat Sep-27-08 11:44 PM Response to Reply #1 |
2. your facts are inaccurate |
Printer Friendly | Permalink | | Top |
endthewar (1000+ posts) Send PM | Profile | Ignore | Sun Sep-28-08 02:02 PM Response to Reply #2 |
24. "secret auction" |
Printer Friendly | Permalink | | Top |
Cronus Protagonist (1000+ posts) Send PM | Profile | Ignore | Sat Sep-27-08 11:44 PM Response to Original message |
3. So the bank allegedly had $129 billion in deposits and a run on only $16 destroyed the bank? |
Printer Friendly | Permalink | | Top |
grantcart (1000+ posts) Send PM | Profile | Ignore | Sat Sep-27-08 11:52 PM Response to Reply #3 |
4. The bank had lost 33% of its depositors or $ 59 Billion since June |
Printer Friendly | Permalink | | Top |
DBoon (1000+ posts) Send PM | Profile | Ignore | Sat Sep-27-08 11:53 PM Response to Original message |
5. Republicans have always wanted to dismantle the New Deal |
Printer Friendly | Permalink | | Top |
bobd0 (1000+ posts) Send PM | Profile | Ignore | Sat Sep-27-08 11:55 PM Response to Original message |
6. I have only a few bucks in WAMU |
Printer Friendly | Permalink | | Top |
depakid (1000+ posts) Send PM | Profile | Ignore | Sat Sep-27-08 11:58 PM Response to Original message |
7. WAMU expanded recklessly and became a predatory lender |
Printer Friendly | Permalink | | Top |
grantcart (1000+ posts) Send PM | Profile | Ignore | Sun Sep-28-08 12:02 AM Response to Reply #7 |
9. yes that is correct it was 180 degree change after years of very careful loan managment |
Printer Friendly | Permalink | | Top |
depakid (1000+ posts) Send PM | Profile | Ignore | Sun Sep-28-08 12:15 AM Response to Reply #9 |
13. The customer service orientation changed right alongside the expansion |
Printer Friendly | Permalink | | Top |
msallied (1000+ posts) Send PM | Profile | Ignore | Sun Sep-28-08 01:28 PM Response to Reply #13 |
21. OMG! |
Printer Friendly | Permalink | | Top |
Raineyb (1000+ posts) Send PM | Profile | Ignore | Sun Sep-28-08 01:35 PM Response to Reply #21 |
23. Something like that happened to me too |
Printer Friendly | Permalink | | Top |
Dems to Win (245 posts) Send PM | Profile | Ignore | Sun Sep-28-08 12:15 AM Response to Reply #7 |
12. WAMU was good at gobbling up small banks, bad at serving it's customers. Good Riddance. |
Printer Friendly | Permalink | | Top |
depakid (1000+ posts) Send PM | Profile | Ignore | Sun Sep-28-08 12:20 AM Response to Reply #12 |
14. errr.. Most of those at WAMU aren't being rewarded! |
Printer Friendly | Permalink | | Top |
msallied (1000+ posts) Send PM | Profile | Ignore | Sun Sep-28-08 01:29 PM Response to Reply #14 |
22. I think I read yesterday that CEOs are getting massive severance packages. |
Printer Friendly | Permalink | | Top |
depakid (1000+ posts) Send PM | Profile | Ignore | Sun Sep-28-08 02:19 PM Response to Reply #22 |
27. As I mentioned- let's just see how it plays out |
Printer Friendly | Permalink | | Top |
PerfectSage (1000+ posts) Send PM | Profile | Ignore | Sun Sep-28-08 12:01 AM Response to Original message |
8. Yeah there was a liquidity crisis on Friday. |
Printer Friendly | Permalink | | Top |
grantcart (1000+ posts) Send PM | Profile | Ignore | Sun Sep-28-08 11:41 AM Response to Reply #8 |
15. Interesting can you translate for us lay people? |
Printer Friendly | Permalink | | Top |
PerfectSage (1000+ posts) Send PM | Profile | Ignore | Sun Sep-28-08 01:05 PM Response to Reply #15 |
19. Because of all the recent bankruptcies, everyone is hoarding cash. No ones willing to lend |
Printer Friendly | Permalink | | Top |
regnaD kciN (1000+ posts) Send PM | Profile | Ignore | Sun Sep-28-08 12:08 AM Response to Original message |
10. Thanks a lot, dipshits...! |
Printer Friendly | Permalink | | Top |
grantcart (1000+ posts) Send PM | Profile | Ignore | Sun Sep-28-08 12:14 AM Response to Reply #10 |
11. Good point and even those that had more than $ 100,000 were still covered. |
Printer Friendly | Permalink | | Top |
Starry Messenger (1000+ posts) Send PM | Profile | Ignore | Sun Sep-28-08 12:08 PM Response to Reply #10 |
17. Wow, I didn't know that about WaMu's community support. |
Printer Friendly | Permalink | | Top |
Raineyb (1000+ posts) Send PM | Profile | Ignore | Sun Sep-28-08 01:25 PM Response to Reply #17 |
20. Me neither |
Printer Friendly | Permalink | | Top |
sandnsea (1000+ posts) Send PM | Profile | Ignore | Sun Sep-28-08 12:03 PM Response to Original message |
16. They were in serious trouble before the 'bank run' |
Printer Friendly | Permalink | | Top |
BlooInBloo (1000+ posts) Send PM | Profile | Ignore | Sun Sep-28-08 12:08 PM Response to Original message |
18. Or else it's the other-way-round. |
Printer Friendly | Permalink | | Top |
endthewar (1000+ posts) Send PM | Profile | Ignore | Sun Sep-28-08 02:02 PM Response to Original message |
25. Thanks to Bush's address calming the fears of the nation |
Printer Friendly | Permalink | | Top |
grantcart (1000+ posts) Send PM | Profile | Ignore | Sun Sep-28-08 07:12 PM Response to Reply #25 |
28. well in this case it was the other way around WaMu lost $ 50 billion before |
Printer Friendly | Permalink | | Top |
Medusa (1000+ posts) Send PM | Profile | Ignore | Sun Sep-28-08 02:04 PM Response to Original message |
26. Will Wachovia be next? |
Printer Friendly | Permalink | | Top |
Abugface (153 posts) Send PM | Profile | Ignore | Sun Sep-28-08 07:48 PM Response to Reply #26 |
30. I maxed out at my Wachovia ATM a few hours ago. Hope to get the rest out tomorrow. |
Printer Friendly | Permalink | | Top |
Gormy Cuss (1000+ posts) Send PM | Profile | Ignore | Sun Sep-28-08 07:46 PM Response to Original message |
29. Details that I'd like to know: average withdrawal per customer and types of accounts closed. |
Printer Friendly | Permalink | | Top |
DU AdBot (1000+ posts) | Tue Apr 23rd 2024, 04:42 PM Response to Original message |
Advertisements [?] |
Top |
Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) |
Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators
Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.
Home | Discussion Forums | Journals | Store | Donate
About DU | Contact Us | Privacy Policy
Got a message for Democratic Underground? Click here to send us a message.
© 2001 - 2011 Democratic Underground, LLC