Comments on Inside WaMu
See, even the employees knew it was "Woo-Hoo" not "Whoo-Hoo"
The misspelled slogan brought down the consumers' confidence and killed the company.
As a former WaMulian near the marketing department, I can tell you that the slogan was purposely misspelled due to trademark issues.
They thought no one would notice. Of course, everyone noticed :)
The WaMu home page already says "Welcome to JPMorgan Chase"... that was quick.
At least the Web guys have been working today.
Ugh I feel sorry for the tellers who have to deal with street level ZOMG WHATS HAPPENING CAN I STAND HERE AND TALK ABOUT IT FOR 20 MIN
The combination of our two companies creates the nation’s second-largest branch network, greatly expanding banking convenience for customers.
Oh, fantastic! When banks get "too big to fail," solve the problem by combining them into bigger banks. I know I'll sleep better tonight!
Can someone recommend a bank based out of Seattle? I switched from Seafirst, when it became the Bank of America, to WAMU, and want to keep my money close.
Maybe it's time to join a credit union.
#6 -- we're hashing over that question here. Some good insights.
http://community.livejournal.com/seattle/5449281.html
elswinger... Nearly everyone in town that I know loves BECU. They're not a bad place to start.
@6,
I like HomeStreet, but they don't have many branches so it's not that convenient. But they might give you a free gift. Do you have any use for a popcorn popper?
Fella I know used to work in compliance at WAMU, not low level, but traveled around the branch network trying to get loan officers and underwriters to play by WAMU's own (federally mandated) rules, to no avail.
Two years ago he got fed up at participating in a fraudulent system, quit and moved to Sydney to work with Macquarie (and be closer to Mardi Gras every year).
Two years ago.
People *started* slacking off? The stories I've heard from people who worked at WAMU include lots of extra-extra-long lunches that might include taking off to a bar or the movies in the afternoon, with no one noticing or caring. I don't mean once in a while, but a regular thing.
Simply put, WaMu was victimized by a classic "run on the bank." Customers withdrew $16.7 billion in a 10-day period following the bankruptcy of Lehman Brothers, leaving WaMu "with insufficient liquidity to meet its obligations," its regulators determined.
A longer explanation is WaMu was victimized by mismanagement and misguided bets on exotic (and toxic) instruments such as option adjustable-rate mortgages.
I always wondered what Jaye P. Morgan did after The Gong Show.
I guess now I know.
Gomez didn't you say that you weren't going to comment anymore?
go away
Home Street is the best locally owned bank.
I'd like to consider this a special occasion, Non. You're welcome to go the cupboard and bring us your finest 'fat faggot Asian' insults.
I left my money in WaMu. Why not? It's insured up to $100,000 and I don't even have a 10th of that amt. in there. A rare advantage of being broke now; I don't own a home and never will, so mortgage rates will never be an issue for me personally; I don't have investments so don't worry about losing money that way. I will be decreasing my savings at WaMu however, just opened a savings acct at BECU because the interest rate is good; I was planning this before WaMu was sold, so it's nothing to do w/their current issues.
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