Comments on: Inside the Washington Mutual Takeover http://www.fivecentnickel.com/2008/09/29/inside-the-takeover-of-washington-mutual-wamu-by-jpmorgan-chase/ personal finance tips, tricks, and commentary Mon, 13 Feb 2012 18:22:18 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Davidc. Keefer http://www.fivecentnickel.com/2008/09/29/inside-the-takeover-of-washington-mutual-wamu-by-jpmorgan-chase/comment-page-1/#comment-127097 Davidc. Keefer Tue, 09 Dec 2008 03:09:03 +0000 http://www.fivecentnickel.com/?p=1779#comment-127097 Hi I have credit cards with Wamu,Have been raped with interest rates for yrs, I have not used at least one of them for yrs < ??? But cause my houst payment is late i was put in universol default, Never did default on this credit card, ? and just feel screwed. My interest rate is worse than a loan shark ??? That sucks. I have been in contact with this company, for yrs butall iget is your screwed, ??? HaVE PAID BACK A LOT BUT AT THIS INTERARE , i WIL DIE BEFORE I RECOVER ??? Hi I have credit cards with Wamu,Have been raped with interest rates for yrs, I have not used at least one of them for yrs < ??? But cause my houst payment is late i was put in universol default, Never did default on this credit card, ? and just feel screwed. My interest rate is worse than a loan shark ??? That sucks. I have been in contact with this company, for yrs butall iget is your screwed, ??? HaVE PAID BACK A LOT BUT AT THIS INTERARE , i WIL DIE BEFORE I RECOVER ???

]]> By: nickel http://www.fivecentnickel.com/2008/09/29/inside-the-takeover-of-washington-mutual-wamu-by-jpmorgan-chase/comment-page-1/#comment-126012 nickel Tue, 14 Oct 2008 00:56:35 +0000 http://www.fivecentnickel.com/?p=1779#comment-126012 Serj: No, stocks are not insured. WM hasn't traded since Sept 30. My best guess is that it's worthless. Serj: No, stocks are not insured. WM hasn’t traded since Sept 30. My best guess is that it’s worthless.

]]> By: Serj Kanchian http://www.fivecentnickel.com/2008/09/29/inside-the-takeover-of-washington-mutual-wamu-by-jpmorgan-chase/comment-page-1/#comment-126010 Serj Kanchian Mon, 13 Oct 2008 23:18:59 +0000 http://www.fivecentnickel.com/?p=1779#comment-126010 I HAVE WASHINGTON MUTUAL STOCKS "WM" WHAT WILL HAPPEN TO THOSE STOCKS? ISN'T THE STOCKS OF AN FDIC INSURED BANKS ALSO INSURED? PLEASE LET ME KNOW AS SOON AS POSSIBLE. THANKS FOR YOUR TIME AND EARLY REPLY, SERJ I HAVE WASHINGTON MUTUAL STOCKS “WM” WHAT
WILL HAPPEN TO THOSE STOCKS? ISN’T THE STOCKS
OF AN FDIC INSURED BANKS ALSO INSURED? PLEASE
LET ME KNOW AS SOON AS POSSIBLE. THANKS FOR
YOUR TIME AND EARLY REPLY,

SERJ

]]> By: Bill R. http://www.fivecentnickel.com/2008/09/29/inside-the-takeover-of-washington-mutual-wamu-by-jpmorgan-chase/comment-page-1/#comment-124818 Bill R. Mon, 29 Sep 2008 12:58:32 +0000 http://www.fivecentnickel.com/?p=1779#comment-124818 It's unfortunate that depositors must go through this. I empathize with shareholders, but investing in stocks can be risky - why do you think they offer superior returns? Lastly, I agree with "shareholder." I know for a fact that the writing was on the wall in January. Of course, who could have ever predicted what would happen...? It’s unfortunate that depositors must go through this. I empathize with shareholders, but investing in stocks can be risky – why do you think they offer superior returns?

Lastly, I agree with “shareholder.” I know for a fact that the writing was on the wall in January. Of course, who could have ever predicted what would happen…?

]]> By: shareholder http://www.fivecentnickel.com/2008/09/29/inside-the-takeover-of-washington-mutual-wamu-by-jpmorgan-chase/comment-page-1/#comment-124804 shareholder Mon, 29 Sep 2008 07:42:45 +0000 http://www.fivecentnickel.com/?p=1779#comment-124804 This is a sad day for all of us shareholders and employees of WaMu... we were robbed blind by the feds and no one said or did anything. Chase, like other firms were circling like vultures, waiting for the feds to move in. They all knew what was going on... this was the plan from beginning on the week of the take over... The run on the bank was caused by the media and not one agency thought of regulating them or to set the record straight... they let the run on the bank happen right in front of their eyes. Former CEO Kerry Killinger was so selfish and dumb enough not to sell at $8 per share before turning to TPG and investors for money. He was too concerned about his own legacy and income that he forgot what his job functions were and who he wrote his paychecks. Oh and he was paid over $22 million in separation package. And now Alan Fishman will get paid over $18 million dollars for three weeks of work? humm… since he failed to do his job as a CEO to secure the company... should he be compensated $18 millions? Oh and Stephen Rotella (President and COO) is getting his $12 million plus package for doing what? Running WaMu into the grounds? This is on top of his millions in bonuses. Are they serious? We need to stand up... Open up your eyes people... this just doesn’t happen over night. Everyone in the executive team of WaMu should be held accountable along with the feds who led this take over without any recourse or consideration for the employees' retirements, public pensions and share holders. This is a sad day for all of us shareholders and employees of WaMu… we were robbed blind by the feds and no one said or did anything. Chase, like other firms were circling like vultures, waiting for the feds to move in. They all knew what was going on… this was the plan from beginning on the week of the take over…

The run on the bank was caused by the media and not one agency thought of regulating them or to set the record straight… they let the run on the bank happen right in front of their eyes.

Former CEO Kerry Killinger was so selfish and dumb enough not to sell at $8 per share before turning to TPG and investors for money. He was too concerned about his own legacy and income that he forgot what his job functions were and who he wrote his paychecks. Oh and he was paid over $22 million in separation package.

And now Alan Fishman will get paid over $18 million dollars for three weeks of work? humm… since he failed to do his job as a CEO to secure the company… should he be compensated $18 millions?

Oh and Stephen Rotella (President and COO) is getting his $12 million plus package for doing what? Running WaMu into the grounds? This is on top of his millions in bonuses.

Are they serious? We need to stand up… Open up your eyes people… this just doesn’t happen over night.

Everyone in the executive team of WaMu should be held accountable along with the feds who led this take over without any recourse or consideration for the employees’ retirements, public pensions and share holders.

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