WaMu can't fail | Clipmarks


	WaMu can't fail

Victoria Barret

9-17-2008 3:21 PM

1134 views

tags:

banking, washington mutual, fdic

Victoria Barret says:

It would overwhelm the FDIC.

1 Comment |

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9-17-2008 5:08 PM

sahara

I was just reading about this. Just how bad can things get!? http://www.reuters.com/article/email/idUSBNG35155320080917 on the auction block now, looking for a buyer. Sad, really.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/6701e958-af2a-4757-a7b7-87fda7bf5e1d/10BC1401-AA25-4DE6-99F9-DD44846CD8C0/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://news.yahoo.com/s/ap/20080916/ap_on_bi_ge/bank_deposits_safety" href="http://news.yahoo.com/s/ap/20080916/ap_on_bi_ge/bank_deposits_safety" style="font-size: 11px;">news.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20080916/ap_on_bi_ge/bank_deposits_safety"><P>A <SPAN id="lw_1221626068_14" class="yshortcuts">Washington Mutual</SPAN> failure would dwarf the largest bank collapse in <SPAN id="lw_1221626068_15" class="yshortcuts">U.S. history — Continental Illinois National Bank</SPAN> in 1984, with $33.6 billion in assets.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20080916/ap_on_bi_ge/bank_deposits_safety"><P>By comparison, <SPAN id="lw_1221626068_16" class="yshortcuts">WaMu</SPAN> and its subsidiaries had assets of $309.73 billion as of June 30 and IndyMac had $32 billion when it shut down.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/10BC1401-AA25-4DE6-99F9-DD44846CD8C0/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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