Rumor: WAMU to close Friday

09-19-2008, 05:28 AM

***** URGENT **** Washington Mutual Bank To Close on Friday!
I have just learned from a previously reliable source that Washington Mutual Bank - the sixth largest bank in the USA, has failed and will close this Friday.

Please spread the word immediately.

http://halturnershow.blogspot.com/20...-to-close.html

Zarathustra · 09-19-2008, 05:32 AM

Quote:

Originally Posted by Baggywrinkle

***** URGENT **** Washington Mutual Bank To Close on Friday!
I have just learned from a previously reliable source that Washington Mutual Bank - the sixth largest bank in the USA, has failed and will close this Friday.

Please spread the word immediately.

http://halturnershow.blogspot.com/20...-to-close.html

"and another one bites the dust" Queen

LOCOAZ2008 · 09-19-2008, 05:38 AM

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!!!!!

Zarathustra · 09-19-2008, 05:48 AM

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!!!!!

Oh boy !

LOCOAZ2008 · 09-19-2008, 05:55 AM

Its time for change dollars to gold (not stock).... Go out of banks....

Rocky_Shorz · 09-19-2008, 06:01 AM

I sit here watching that poor kid tumbling down the stairs wondering if he is ever going to find the bottom...

Kinda reminds me of the banking industry right now...

Every time you think it can't get any worse...

It does...

LOCOAZ2008 · 09-19-2008, 06:05 AM

Quote:

Originally Posted by Rocky_Shorz

I sit here watching that poor kid tumbling down the stairs wondering if he is ever going to find the bottom...

Kinda reminds me of the banking industry right now...

Every time you think it can't get any worse...

It does...

THATS TRUE... WE DONT KNOW WERE IS THE BOTTOM...
REMEMBER "GOLD" NOT BANKS

09-19-2008, 06:31 AM

Quote:

Originally Posted by LOCOAZ2008

THATS TRUE... WE DONT KNOW WERE IS THE BOTTOM...
REMEMBER "GOLD" NOT BANKS

Can you please tell me where I can buy my groceries with "GOLD"

09-19-2008, 06:50 AM

Good question. I think I would go ahead and get my food covered and then buy Au. E-Foods direct is shipping in seven days and from what I understand it's pretty good stuff. Or you could go to your local box wholesale (Sams, Costco) and stock up on beanie weanies, spaghettios and canned tuna.

Peace and Love,
cosmic

09-19-2008, 07:00 AM

You know I've been watching these bank failures for a while. Back in the early 1900's JP Morgan started spreading rumors about the insolvency of the banks which caused a run and put the economy in turmoil. He then gobbled them up for pennies on the dollar. If I'm not mistaken this eventually let to Wilson allowing the central bankers to come in and establish the Federal Reserve. Do any of you think this might be going on here?

Peace and Love,
cosmic

Zynox · 09-19-2008, 07:06 AM

Quote:

Originally Posted by zorgon

Can you please tell me where I can buy my groceries with "GOLD"

Zorgon the magnificent (very cool avatar!),

We won't stop using mediums of exchange, and metals should serve as trusted mediums when paper burns, happened every time across available recorded His-Story. The paper is mostly on-fire, and as a fire-fighter, it generally reaches point of 'flash-over' and all that we do then is sit back and demo it when it exhausts the fuel supply ...

There is a thread offshoot now started that address this question and the what / where / how of metals at:

http://www.projectavalon.net/forum/s...ead.php?t=2411

~ namaste ~

Peace4Gaia · 09-19-2008, 12:10 PM

Ok, So, here's a silly question... does this mean I don't have to pay my WaMu charge card balance? and to think, I just made a payment... I could've stocked up on some food instead!

09-19-2008, 04:51 PM

well its friday....maybe late today i dunno but the govt is really manipulating things and delaying this collapse. I still heavily believe this collapse will happen this yr still

JSErwine · 09-19-2008, 05:43 PM

Quote:

Originally Posted by Survivor

well its friday....maybe late today i dunno but the govt is really manipulating things and delaying this collapse. I still heavily believe this collapse will happen this yr still

I assure you if this doess happen it will be after the markets close (as usual).

Rocky_Shorz · 09-19-2008, 10:13 PM

Quote:

Originally Posted by JSErwine

I assure you if this doess happen it will be after the markets close (as usual).

At the Bipartisan meeting today, they are saying the plan's will be locked down on Tuesday... President Bush is sending them what needs to be worked out over the weekend.

When the truth was dropped on the room, it was as if the oxygen was sucked out...

no one could breath or speak for over 10 seconds...

a Trillion Dollar Bail out plan...

3 Million homes in foreclosure stages right now, and the adjustable rates are about to change tanking twice as many more...

The Government is about to take on all those foreclosures to take them off of the banks books so they have credit to lend again...

sky · 09-19-2008, 10:46 PM

Quote:

Originally Posted by Rocky_Shorz

They are saying the plan swill be locked down on Tuesday...

When the truth was dropped on the room, it was as if the oxygen was sucked out...

no one could breath or speak for over 10 seconds...

a Trillion Dollar Bail out plan...

3 Million homes in foreclosure stages right now, and the adjustable rates are about to change tanking twice as many more...

The Government is about to take on all those foreclosures to take them off of the banks books so they have credit to lend again...

Hi Rocky Shorz,

I'"d like to know where you got this info from. It concens WAMU?

Ambara

Rocky_Shorz · 09-19-2008, 11:15 PM

Quote:

Originally Posted by sky

Hi Rocky Shorz,

I'"d like to know where you got this info from. It concens WAMU?

Ambara

It concerns all 1000 banks that would close without it... not just Wamu

I bought Wamu Stock Yesterday for a short ride, almost doubled before I hopped out

sky · 09-19-2008, 11:59 PM

Quote:

Originally Posted by Rocky_Shorz

It concerns all 1000 banks that would close without it... not just Wamu

I bought Wamu Stock Yesterday or a short ride, almost doubled before I hopped out

Incredible, 1000 banks...

Great WAMU deal you did though

This Bipartisan meeting really happened today alreadY? I didnt' read about it anywhere else yet.
This is huge

izz · 09-20-2008, 12:54 AM

well halifax one of th elargest banks in britain released a statement saying not to worry it was healthy ..

the next day we here it is in deep doo doos and it has to be bailed out by merging with Lloyds TSB ... which is bad news for the people..

never heard of banks going down before it is very weird .. and more are sure to hit the dust ..

what does it mean for us the people ?

FrostyMcunicron · 09-20-2008, 12:56 AM

every bank that falls pressures others to follow course, good luck everyone.

JSErwine · 09-20-2008, 04:57 AM

Quote:

Originally Posted by izz

well halifax one of th elargest banks in britain released a statement saying not to worry it was healthy ..

the next day we here it is in deep doo doos and it has to be bailed out by merging with Lloyds TSB ... which is bad news for the people..

never heard of banks going down before it is very weird .. and more are sure to hit the dust ..

what does it mean for us the people ?

Most likely the little people will be facing higher unemployment rates, the dollar will (should) drop in value, loans will become much harder to qualify for, alot of assets (stuff) will be sold/auctioned to foriegn investers.

It sounds like some of these bad deals are so conviluted, they realy are not sure what the actual value is. It's almost like a total crap shoot for the american taxpayers.

My .02

Rocky_Shorz · 09-20-2008, 04:11 AM

Quote:

Originally Posted by sky

This Bipartisan meeting really happened today alreadY? I didnt' read about it anywhere else yet.
This is huge

Sobering moment

Quote:

Somber. Sobering. Warnings of an economic "meltdown."

That's how participants described an emergency meeting held Thursday night between leaders of Congress and Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke.

The meeting was followed by an announcement from Paulson that he was preparing a far-reaching program - on a scale seen rarely in American history - to intervene in the shaky financial markets.

Paulson gave few details, although the plan's broad outline is for the federal government to buy hundreds of billions of dollars' worth of mortgage assets held by banks, Wall Street firms and other financial institutions. Details of the rescue plan were sent to members of Congress late Friday, according to reports.

sky · 09-20-2008, 06:54 AM

Quote:

Originally Posted by Rocky_Shorz

Sobering moment

Thanks a lot Rocky for pointing that all out
I am considering to buy some more coins before things are gettng even worse.
I am just hoping they do not find criminal ways to surpress the spot price even more. Do you have any intuition on that?
I am subsribed to Mahendra's newsletter (financial astrology), he warned a few days ago that gold prices might drop as much as 50%. Hard to believe though but scary

Bonnie · 09-20-2008, 12:52 AM

Quote:

Originally Posted by Peace4Gaia

Ok, So, here's a silly question... does this mean I don't have to pay my WaMu charge card balance? and to think, I just made a payment... I could've stocked up on some food instead!

not a silly question. I askd myself that same question. I guess people with WaMu charge cards should continue to pay their bill.

NewParadigmGuy · 09-19-2008, 05:33 PM

Quote:

Originally Posted by zorgon

Can you please tell me where I can buy my groceries with "GOLD"

At any large, diversified flea market.

09-19-2008, 05:28 AM	#1
Baggywrinkle Guest Posts: n/a	Rumor: WAMU to close Friday *** URGENT ** Washington Mutual Bank To Close on Friday! I have just learned from a previously reliable source that Washington Mutual Bank - the sixth largest bank in the USA, has failed and will close this Friday. Please spread the word immediately. http://halturnershow.blogspot.com/20...-to-close.html

09-19-2008, 05:38 AM	#3
LOCOAZ2008 Avalon Senior Member Join Date: Sep 2008 Location: TUMBES, PERÚ Posts: 77	Re: Rumor: WAMU to close Friday 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!!!!!

09-19-2008, 05:55 AM	#5
LOCOAZ2008 Avalon Senior Member Join Date: Sep 2008 Location: TUMBES, PERÚ Posts: 77	Re: Rumor: WAMU to close Friday Its time for change dollars to gold (not stock).... Go out of banks....

09-19-2008, 06:01 AM	#6
Rocky_Shorz Avalon Senior Member Join Date: Sep 2008 Location: USA Posts: 1,098	Re: Rumor: WAMU to close Friday I sit here watching that poor kid tumbling down the stairs wondering if he is ever going to find the bottom... Kinda reminds me of the banking industry right now... Every time you think it can't get any worse... It does...

09-19-2008, 06:50 AM	#9
CosmicFever Guest Posts: n/a	Re: Rumor: WAMU to close Friday Good question. I think I would go ahead and get my food covered and then buy Au. E-Foods direct is shipping in seven days and from what I understand it's pretty good stuff. Or you could go to your local box wholesale (Sams, Costco) and stock up on beanie weanies, spaghettios and canned tuna. Peace and Love, cosmic

09-19-2008, 07:00 AM	#10
CosmicFever Guest Posts: n/a	Re: Rumor: WAMU to close Friday You know I've been watching these bank failures for a while. Back in the early 1900's JP Morgan started spreading rumors about the insolvency of the banks which caused a run and put the economy in turmoil. He then gobbled them up for pennies on the dollar. If I'm not mistaken this eventually let to Wilson allowing the central bankers to come in and establish the Federal Reserve. Do any of you think this might be going on here? Peace and Love, cosmic

09-19-2008, 12:10 PM	#12
Peace4Gaia Avalon Senior Member Join Date: Sep 2008 Location: Indianapolis metro area Posts: 74	Re: Rumor: WAMU to close Friday Ok, So, here's a silly question... does this mean I don't have to pay my WaMu charge card balance? and to think, I just made a payment... I could've stocked up on some food instead!

09-19-2008, 04:51 PM	#13
Survivor Guest Posts: n/a	Re: Rumor: WAMU to close Friday well its friday....maybe late today i dunno but the govt is really manipulating things and delaying this collapse. I still heavily believe this collapse will happen this yr still

09-20-2008, 12:54 AM	#19
izz Banned Join Date: Sep 2008 Location: south england Posts: 246	Re: Rumor: WAMU to close Friday well halifax one of th elargest banks in britain released a statement saying not to worry it was healthy .. the next day we here it is in deep doo doos and it has to be bailed out by merging with Lloyds TSB ... which is bad news for the people.. never heard of banks going down before it is very weird .. and more are sure to hit the dust .. what does it mean for us the people ?

09-20-2008, 12:56 AM	#20
FrostyMcunicron Avalon Senior Member Join Date: Sep 2008 Location: a box in the inner city w. a slight chance of suburbia New Jersey Posts: 160	Re: Rumor: WAMU to close Friday every bank that falls pressures others to follow course, good luck everyone.