WaMoonies Stunned by Apocalypse, Shareholders Empty-Handed

Marketwatch has a good FAQ for Washington Mutual clients wondering if their money is still there. Short answer: it's all good. Unless you're a shareholder. Shareholders are screwed--officially, whenever what's left of WaMu declares bankruptcy. Alan Fishman, WaMu's 3-week CEO, is not screwed, though it may be difficult for him to find another job that pays $18 million per month. WaMu depositors precipitated the bank's failure by withdrawing $16.7 billion in a little over a week. The only silver lining is that buyer "JPMorgan Chase will absorb at least $31 billion in losses that would normally have fallen to the F.D.I.C."