Banking $$$$$$
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Run on Bank Helped Kill WaMu, But Your Money Is Safe
Posted Sep 26, 2008 10:44am EDT by Aaron Task in Investing, Recession, Banking
Related: WM, JPM, XLF, WB, ^DJI, ^GSPC
In the biggest bank failure in U.S. history, the Federal Deposit Insurance Co. seized Washington Mutual's assets Thursday. The FDIC then quickly sold most of WaMu (that's assets and liabilities) to JPMorgan.
Simply put, WaMu was victimized by a classic "run on the bank." Customers withdrew $16.7 billion in a 10-day period following the bankruptcy of Lehman Brothers, leaving WaMu "with insufficient liquidity to meet its obligations," its regulators determined
http://finance.yahoo.com/tech-ticker/article/73415/Run-on-Bank-Helped-Kill-WaMu-But-Your-Money-Is-Safe?tickers=WM,JPM,XLF,WB,%5EDJI,%5EGSPC
6 break should be nice run up in October plant opening
next week vroom yeah!
nice rz KAPOW!
Rz 6+ solr waiting for it to take back off
>79
siri long
The shorts might be pushing tol up to short at higher price before drop, news today very bad
rz might break 6 today then run next week see chart
rz might break 6 today then run next week see chart
Is this the dtg bounce bottom 2.15 going in for a swing
wish me luck
ncc breaks my heart dam i hate that, would of made 10 gs.
Trailing stops sometimes are just a scam i made .10 if i didn't use the trailing stop would of made .60 mms suck shake and suck them up. Safety versus reward oh well.
so pissed i bought ncc at 2.42 and got shaken out with stupid trailing stop, could of made nice. Dam, im done for the day.
TOL short >>UPDATE: KB Home 3Q Loss Widens As Orders, Deliveries Slump
Sep 26, 2008 12:12:31 (ET)
adding bit more long
Solr looking to add a little here
Yeah the rz chart will be rocking next week, key indicators just about to generate allot of buy confirms.
yeah tell me about it unreal. Its all a theft. Paulson use to work with GS and has friends with JP. They stole bear sterns same way, all the wealth and control going back to jp, just like panic 1907.
Highway robbery is going on.
I sold at 2 in after hours, when i came back my order for 1.50 buy filled. Now the stocks .40 what bs
Wm what the hell 3k 1.70 in, Fre was crazy today i played it with a few k shares and made some nice bucks on that death drop then bounce.
Wow u guys see that flush on Fre crazy trading, nice $ on bounce
Wow just picked up 1.60 sold for now near 1.90 stock is crazy might not trade it anymore, suppose to be no shorts on it seems like shorts on it.
wow glad i didnt buy WM, seems like there is still shorts on it.
WOW
watch wm if it breaks 2.03 here could bounce looks like its trying to build on 1 minute chart
Come on Solr, dont make me command you like i did for abk yesterday
what a day for fre today should of held longer
siri nibbling some more long over a buck soon to start
F looks interesting here 5.10
Hey keep a eye on DTG here for a bounce
could be nice swing with all bad news out now, and oil retreating.
Or could be a death trap but bottom is close.
I took .20+ on abk for now, going to bed dont want to have to watch. Just keeping my slow swings.
chain good too see you was wondering what happened to you.
I like it long Im in no rush enjoying the cheap seats.
shhhh
Lets go abk break up i command you
abk picked up a lil
well keep them coming
man slow day soup but nice call on the penny
Taking a swing
Axti looking for over 4 in time
stopped out vse dime loss was only in small, will wait for it to settle and look again
Toll going down cant wait to see it break 20s
Simo doing a share buy back keep a eye on it