They're in perfect territory for a takeover, I know JP Morgan was looking into buying them. Buy some shares while it's low, say 100 shares, if it goes back up then you'll be in the money

 

FDIC had approximately $53 bln in its deposit insurance fund prior to the IndyMac fiasco, which had an estimated cost of $4 bln to $8 bln. I certainly hope Wachovia and WaMu stay afloat because I am unsure how many large banks can fail before the FDIC begins to have liquidity concerns.

 

I hated WAMU. First thing I did when I moved back to NY was switch to Chase.

 

That's retarded. So you figure millionaires and others with high net worth have a bunch of $99k bank accounts floating around? If you're worried about your money, don't go with a discount banker, which is essentially what wamu is.

 

If you have a mill in the bank you can live off the intrest aloneh: (not that comfy)

 

If you are worrying about FDIC insurance, then you are most likely covered.

 

plus they pass the profits back to you with lower rates on loans. banks pass the profit to their board members.

 

Uh. Then there are a *lot* of stupid people out there. I see people with well over $100k in one bank on a daily basis.

Frankly, if it's in a big enough bank, you're fine. Even if the bank is in trouble, you'll get your money back.

 

my local bank has fdic for deposits less then 100k. and another insurance for people with deposits over 100k. i am sure a bank of wamu's size would have that.

 

Almost a good stock to buy
they will rebound eventually.