They are blaming on the withdrawals over the last couple of weeks, but I've known, from other sources, that Chase was buying WaMu for over a month. This was no surprise to anyone in the industry.
Wachovia is next. On Fri, Sep 26, 2008 at 10:11 AM, Robert Munn <[EMAIL PROTECTED]> wrote: > Check out this bit on Bloomberg. Banks have to maintain a certain percentage > of deposits as cash on hand. WaMu fell below the threshold when all the > money was pulled out in the last nine days, so government regulators stepped > in and seized the bank. > > > http://www.bloomberg.com/apps/news?pid=20601103&sid=aVA8ErWOAjmI&refer=us ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:271007 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
