I know that there’s some serious trouble going on but I’d avoided reading much about it because for the most part I can’t do anything about any of it.
When A snarked about belonging to a better bank than Wamu earlier, that was my first clue that something was up. I’d seen the rumblings over the past couple months that Wamu was in trouble but didn’t worry much about it because I don’t have that much money and it is an FDIC insured bank.
I went to log in just now and between this morning and this afternoon, they changed everything over and I found out that I now bank with JP Morgan/Chase.
*shrug*
As long as my checking stays free and all.
I guess I have a kind of doomsday attitude about the safety of what money I do have.
If the bank fails and FDIC can’t come through to replace my money… it’s probably moot anyways cause the country has already gone to hell. Hello Great Depression of the new millieum.
And I’d talked earlier this year about moving over to ING for some stuff anyways.
And the world keeps turning.
I just feel bad for the WAMU employees because while I’m sure JP Morgan will convert some of the branches, I’m sure a lot of them will close. And that’s going to be another bad hit on the economy & job market.