WaMu Seizure Leaked to CNBC

YouTube ^ | October 27, 2009 | WaMuQd

[OneWingedShark]

>”We nationalize banks.”

“The best way to rob a bank is to own one.” — William K. Black, Bank Regulator

[litehaus]

"The Federal Reserve Bank of New York, the regional Fed office with special responsibility for Wall Street,"..

Well Golly Gee, could the person in charge there then have been a really competent, smart,honest, person ? (That we now see elsewhere in charge of sumtin BIGGER?)

[wildbill]

Same thing happened to me and a lot of others. On my account they increased the rate on a credit card loan which was advertised as a guaranteed rate for the life of the loan as long as it was paid on time.

I put it on automatic pay through my bank and forgot about it until I suddenly noticed that the current loan amount was more than the original loan.

[Nachum]

The list, ping

[I am Richard Brandon]

"So did everybody else with a credit card. It was a law passed by Congress."

Interesting - I read that - but I have another secret card with another secret (but well known) company, and the rate did not double. Sure it went up a bit in February 2009 but it did not double and the minimum payment is still below the 2% of the balance which used to be the standard repayment rate if I remember correctly.

[Dubya-M-DeesWent2SyriaStupid!]

bump