You are absolutely correct. After reading about what happened to WAMU, it's quite sad actually. I remember watching this movie not too long ago about the financial crisis in 2008 where the Fed and all the bank CEOs were forced to take bailouts or whatever. Makes you think how shady all these policy makers and corporate America really are. I just hope the investors can recover whatever they can since WAMU was forced into bankruptcy. The truth is BAC and C should've gone down instead. And with the Feds keep rates at near 0%, the banks are just borrowing free $ and making money on the average American. Where is our bailout???
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