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The FDIC seized Washington Mutual Bank saying there had been a bank run amounting to 16.7 billion dollars in 10 days. The reason this money was withdrawn from the bank is unknown. The FDIC saw money moving out of larger accounts and assumed a run was in progress.


http://www.wamurape.org/


Awe come on now SeattlePioneer, level with us, this so-called "bank run" was probably just you pulling off a little cash for some "walking around money", huh?

As for the word "assumed", isn't the well known meaning of this word: "making an Ass out of You & Me"? <grin>

Nothing to see here folks, just a bunch of disgruntled ex-WM stockholders feeling a little bit feisty about losing their shirts on their(?) investments, and "expecting" to get even for their own poor judgement and (probably) trying to intimidate the US Gov regulating agencies into kissing their "owy," (woe) and make it better!

Hah... Fat Chance! Ya pays your money, and takes your chances, when dealing with Mr. Market and all the conniving thieves & crooks just waiting for a "fat bunny",... as IcyWolf would say!

Heehaw... :-)
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Nothing to see here folks, just a bunch of disgruntled ex-WM stockholders feeling a little bit feisty about losing their shirts on their(?) investments, and "expecting" to get even for their own poor judgement and (probably) trying to intimidate the US Gov regulating agencies into kissing their "owy," (woe) and make it better!

Hah... Fat Chance! Ya pays your money, and takes your chances, when dealing with Mr. Market and all the conniving thieves & crooks just waiting for a "fat bunny",... as IcyWolf would say!

Heehaw... :-)


I'm willing to take the loss although the "risk" was far greater than a reasonably cautious investor could have estimated. At the same time though, I would like all those others who were culpable for my loss to take their share of the blame. But they won't.

That includes WM executives who lined their pockets while destroying this company, the entire financial industry which is now being bailed out, irresponsible "homeowners" who are either walking away from their responsibility or begging for a bailout, and politicians who encouraged and coerced lending to unqualified or underqualified borrowers through the Community Reinvestment Act and Fannie Mae and Freddie Mac.

The bottom line - shareholders were robbed and deserve a bailout as much or more than others but won't get one. Those who robbed them - business executives and politicians - get off scot free.

Why are shareholders the only ones that are totally screwed? There's something rotten in the whole stock market game when that happens.

Dave
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