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Saturday, March 11, 2023 2:09:09 AM
-From Marketwatch, “What should you do if your bank closes down? People have questions after Silicon Valley Bank collapse.” March 10.
Don’t worry it was a little bank, like when you are playing monopoly and someone is the banker.
But wait…
“Washington Mutual was a conservative savings and loan bank. In 2008, it became the largest failed bank in U.S. history. By the end of 2007, WaMu had more than 43,000 employees, 2,200 branch offices in 15 states, and $188.3 billion in deposits.1 Its biggest customers were individuals and small businesses.”
https://www.thebalancemoney.com/washington-mutual-how-wamu-went-bankrupt-3305620
Lots of bad similarities if you read that article.
my posts are always theory and not financial advice
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