This is the biggest bank failure since Washington Mutual in 2008 which I remember well I had money at that bank had to take it out..but of course Biden will just whisper “Not my fault, now let me go back to showering with my daughter in peace” and that will be it..and honestly, this is what they want, the left hates bank they want them destroyed anyway
Wamu was a government arranged theft. Wells Fargo took their operations over. There was nothing Wamu was facing that wasn’t industry wide. They were just a victim of corporate raiders and politics.
And there were no rumors and no warnings anywhere in the tech financial world from what I understand. No concerns by regulators. No financial reporters writing articles of concern. Nothing at all! Doesn’t that sound a bit suspect?