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	<title>Leonine Ponderances &#187; wamu</title>
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		<title>Banks &amp; the economy</title>
		<link>http://leonineponderances.com/2008/09/26/banks-the-economy/</link>
		<comments>http://leonineponderances.com/2008/09/26/banks-the-economy/#comments</comments>
		<pubDate>Sat, 27 Sep 2008 00:05:28 +0000</pubDate>
		<dc:creator>Megalion</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[money]]></category>
		<category><![CDATA[wamu]]></category>

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		<description><![CDATA[I know that there&#8217;s some serious trouble going on but I&#8217;d avoided reading much about it because for the most part I can&#8217;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&#8217;d seen the rumblings over [...]]]></description>
			<content:encoded><![CDATA[<p>I know that there&#8217;s some serious trouble going on but I&#8217;d avoided reading much about it because for the most part I can&#8217;t do anything about any of it.</p>
<p>When A snarked about belonging to a better bank than Wamu earlier, that was my first clue that something was up. I&#8217;d seen the rumblings over the past couple months that Wamu was in trouble but didn&#8217;t worry much about it because I don&#8217;t have that much money and it is an FDIC insured bank.</p>
<p>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.</p>
<p>*shrug*</p>
<p>As long as my checking stays free and all.</p>
<p>I guess I have a kind of doomsday attitude about the safety of what money I do have.</p>
<p>If the bank fails and FDIC can&#8217;t come through to replace my money&#8230; it&#8217;s probably moot anyways cause the country has already gone to hell. Hello Great Depression of the new millieum.</p>
<p>And I&#8217;d talked earlier this year about moving over to ING for some stuff anyways.</p>
<p>And the world keeps turning.</p>
<p>I just feel bad for the WAMU employees because while I&#8217;m sure JP Morgan will convert some of the branches, I&#8217;m sure a lot of them will close. And that&#8217;s going to be another bad hit on the economy &amp; job market.</p>
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