WaMu Bought by Chase: All Your Bank Are Belong to Us

by Jordan Yerman | September 26, 2008 at 05:58 am
1382 views | 14 Recommendations | 4 comments

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WaMu and Me

WaMu and Me

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uploaded by Jordan Yerman

Washington Mutual has foundered in the stormy seas of Wall Street, and has been salvaged by JPMorgan Chase. When I read the news while patrolling the site this morning,  I immediately checked my own account, since I'm a WaMu customer... I was greeted with the image you see to the left, as well as some hasty front-end changes to the website (Hint to site managers: rollover items must stay open long enough to accept text, and the buttons need to work if you're going to display them. You're hastily-acquired bank, and therefore confidence in you is at an ebb: don't scare us away via your UI as well! But I digress).

I logged in and saw that my forty-seven US cents were still there. Whew. We at NowPublic are keeping an eye on this in a special Channel.

We're proud to welcome you to one of the nation's largest banks; as of September 25, 2008, JPMorgan Chase & Co. has acquired the deposits, loans, and branches of Washington Mutual. Your deposits remain insured by the FDIC and are now also backed by the strength and security of JPMorgan Chase.
I left Chase Bank in the first place because, well, they sucked at dealing with customers. Then JP Morgan bought them. Then WaMu failed. Then JPMorgan Chase bought WaMu. Now here I am. *Sigh*

I guess the silver lining here is that there will be more ATMs available in NYC, since WaMu only had a few. I wonder what it means for free checking in the long term, since Chase was a notorious nickel-and-dimer.

Q. What if I have more than $100,000 at WaMu?
Obviously that question did not come from me!
(Headline reference: "All your base are belong to us" was one a' them Internet memes))


recommend This comment thread is now closed
Paschen
Paschen
flagged this story as Good Stuff

at 06:16 on September 26th, 2008

jordan, I like this story. It's good stuff.

You may have panic a little more would the 47 cents be 4700 dollar or worth.  :)

SOLARLIFE
SOLARLIFE
flagged this story as Good Stuff

at 06:22 on September 26th, 2008

jordan, 47 cents at Wamu still here ! Others withdraw this year $17bn from Washington mutual. Don't hear much about this in US newspapers. No bank can stay this

master_jim2008
master_jim2008
flagged this story as Good Stuff

at 06:26 on September 26th, 2008

jordan, I like this story. It's good stuff.

oh lovely, now I'll have Chase chasing me for $147 I owe WaMu, which I refuse to pay because WaMu dicked me.

It just gets better all the time don't it eh?

Rhonda J Mangus
Rhonda J Mangus
flagged this story as Good Stuff

at 13:36 on September 26th, 2008

jordan, I like this story. It's good stuff.

This story was created over 3 months ago, the comment thread is now closed.

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