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Results tagged “lehmanbrothers”

What Are Your WaMu Shares Worth Now? How About Now?

Washington Mutual stock closed down today (why haven't we made that into auto-text yet?), at $2.01, which is also the price of this Murder City Devils DVD on eBay. The market closed down 500. The Fed let the market put a bullet in the head of Lehman Brothers over the weekend, and the Merrill Lynch bull was sold to the Bank of America slaughterhouse, so no one's in the mood to buy WaMu's pigs-in-a-poke shares. If our local savings and loan goes woohoo, though, we know who to blame. Or not. Scientific consensus our ass. more ›

WaMu Closes Day at $3.23 per White-Knuckled Share

WaMu Closes Day at $3.23 per White-Knuckled Share

It's not a good day for a bank when the Seattle Times story on the crater your stock fell into begins like this:

Your money is safe if its in an institution insured by the FDIC. The Federal Deposit Insurance Corp. covers up to $100,000 per institution, and even may provide additional coverage for IRAs in those banks.
Washington Mutual had to do something banks hate to do, which is explain publicly how much money there is in the bank. Meanwhile, their stock reads $3.23 until the market opens tomorrow. more ›

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