“The run didnt get started until Wamu went under”
They didn’t go under, there was an orchastrated run of 18 billion on them and the Feds gave them to Chase.
I saw it coming and grabbed a $200k 5% 13 month CD from WAMU When it happened.
I hope that WAMU’s law suit against the Fed and Chase is successful and Chase gets kicked out.
The holding company filed for Chapter 11.
Hold on for a ride tomorrow.