JPMorgan buys WaMu |
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 Sep 26 2008, 09:17 AM
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#1
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 I'm Jc  Group: Mentor Posts: 13,619 Joined: Jul 2006 Member No: 437,556  |
QUOTE In the biggest bank failure in history, JPMorgan Chase will acquire massive branch network and troubled assets from Washington Mutual for $1.9 billion. NEW YORK (CNNMoney.com) -- JPMorgan Chase acquired the banking assets of Washington Mutual late Thursday after the troubled thrift was seized by federal regulators, marking the biggest bank failure in the nation's history and the latest stunning twist in the ongoing credit crisis. Under the deal, JPMorgan Chase will acquire all the banking operations of WaMu, including $307 billion in assets and $188 billion in deposits. WaMu becomes the 13th bank to fail so far this year and earns the title of the nation's biggest bank failure by assets on record, ahead of Continental Illinois, which had about $40 billion in assets when it failed in May of 1984. setting records |
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Sep 26 2008, 09:30 AM
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#2
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 Tick tock, Bill Group: Administrator Posts: 8,764 Joined: Dec 2005 Member No: 333,948 |
I owe them a couple grand.
*crosses fingers for courtesy write off* Ok, so that's not very nice of me. :[ |
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Oct 15 2008, 02:22 PM
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#3
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Tick tock, Bill Group: Administrator Posts: 8,764 Joined: Dec 2005 Member No: 333,948 |
f**k them. They sold my debt and the purchaser sued me. I had to file bankruptcy this week. It was more than a couple grand. Try over 7. They gave me TWO WEEKS to cough up the dough.
So they get nada. |
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Oct 15 2008, 02:47 PM
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#4
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Tick tock, Bill Group: Administrator Posts: 8,764 Joined: Dec 2005 Member No: 333,948 |
Oh get a load of this... collectors are coming out of nowhere. I'm serious. I've had TWO more creditors call this week. My boss had a collector call for a debt from TEN years ago.
I have talked to my lawyer. Chapter 7 is my best option. It's fine really. I'm a single mom with no child support. I'll never be able to catch up. So I can deal with rebuilding. It just irritates the hell out of me. I mean, I get that things should have been paid and I am by no means making excuses other than life circumstances. But to wait for years to do this and give someone two weeks? f**king creditor dickery. |
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Oct 15 2008, 02:59 PM
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#5
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Tick tock, Bill Group: Administrator Posts: 8,764 Joined: Dec 2005 Member No: 333,948 |
lol I'm far too private. I mean sure, I'll post things on a forum but blasting my family on the news is an entirely different matter.
Besides, it's filed and I have painfully learned a valuable lesson. |
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