09-19-2008, 05:48 AM
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#4
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Avalon Senior Member
Join Date: Sep 2008
Location: Eastern U.S.
Posts: 429
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Re: Rumor: WAMU to close Friday
Quote:
Originally Posted by LOCOAZ2008
I confirmed with a friend of mine who is a CTO at one of WAMU's vendors. They have NOT been paid the 1 million + they are owed for servicing wamu accounts. This money was due monday after it was already late 2 months. They have ceased servicing wamu accounts as of tuesday. You are right, I confirmed it myself that WAMU is broke. I am not sure if they will close friday but they are done. There is no denying it now. This will crush the fdic fund. This is really starting to get scary!!!!!
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Oh boy !
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