On Fri, Sep 26, 2008 at 2:30 PM, Jacob <[EMAIL PROTECTED]> wrote:
> Did you meet my wife?
No, but I am divorced.
-Cameron
~|
Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to
date
Get the Free Tri
Did you meet my wife?
-Original Message-
From: Cameron Childress [mailto:[EMAIL PROTECTED]
Sent: Friday, September 26, 2008 11:24 AM
To: cf-community
Subject: Re: No more WAMU ...
On Fri, Sep 26, 2008 at 2:06 PM, Gruss Gott <[EMAIL PROTECTED]> wrote:
> The LHC goes onlin
On Fri, Sep 26, 2008 at 2:06 PM, Gruss Gott <[EMAIL PROTECTED]> wrote:
> The LHC goes online and the financial system promptly collapses.
>
> Coincidence?? I think not.
All the money went into a black hole. Then it disappeared.
-Cameron
~~
gg wrote:
> This guy has seen the light. Literally.
> http://en.wikipedia.org/wiki/Anatoli_Bugorski
>
Much better view:
http://forgetomori.com/2008/science/hit-by-a-particle-accelerator-beam/
~|
Adobe® ColdFusion® 8 software 8 i
> Cam wrote:
> I blame the LHC.
>
Oo! A link! I hadn't thought of this ...
The LHC goes online and the financial system promptly collapses.
Coincidence?? I think not.
This guy has seen the light. Literally.
http://en.wikipedia.org/wiki/Anatoli_Bugorski
~
On Fri, Sep 26, 2008 at 1:26 PM, Robert Munn <[EMAIL PROTECTED]> wrote:
> They experienced a run on the bank- lack of confidence in WaMu is
> essentially what killed WaMu. This is a microcosm of what is going on in
> the
> economy generally- a crisis of confidence.
The sky is falling.
I blame t
They experienced a run on the bank- lack of confidence in WaMu is
essentially what killed WaMu. This is a microcosm of what is going on in the
economy generally- a crisis of confidence.
On Fri, Sep 26, 2008 at 10:24 AM, Cameron Childress <[EMAIL PROTECTED]>wrote:
> On Fri, Sep 26, 2008 at 1:22 PM
On Fri, Sep 26, 2008 at 1:22 PM, Beth Fleischer <[EMAIL PROTECTED]> wrote:
> So were people withdrawing this money because of anxiety over the economy?
I suspect it's a mix. I'll bet most people didn't withdraw their savings
and bury it in a can in the backyard though. Most probably just moved
> WaMu customers withdrew $16.7 billion since Sept. 16, leaving the
> Seattle-based bank ``unsound,'' the Office of Thrift Supervision said
> yesterday. Branches are open today and depositors have full access to
> their
> accounts, Sheila
So were people withdrawing this money because of anxiety
> They either didn't have enough cash to cover the customer demand for
> withdrawals or they didn't have enough capital assets to cover their
> investment guarantees.
>
> Banks are required by law to maintain enough liquidity to cover a
> certain percentage of deposits. When they fall below that
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 o
On Fri, Sep 26, 2008 at 1:11 PM, Maureen <[EMAIL PROTECTED]> wrote:
> Banks are required by law to maintain enough liquidity to cover a
> certain percentage of deposits. When they fall below that percentage,
> the Feds step in.
Which ties back to Paul's question about withdrawing his savings an
> Beth wrote:
> I get that part.
>
> What I dont' get is what "collapsed" is specifically referring to - they
> don't have enough cash to make payroll? Obviously in banking its more
> complicated than that - but thats what I want to learn.
>
Let's say you decide to start a business making moosebur
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
> From: "Erika L. Walker" <[EMAIL PROTECTED]>
> To: "cf-community"
> Sent: Friday, September 26, 2008 4:51 AM
> Subject: No more WAMU ...
>
>
>> http://voanews.com/english/2008-09-26-voa7.cfm
>>
>> *As U.S. lawmakers grappled over
>
>> ok, someone explain to me what "collapsed under the weight of its
>> enormous
>> bad bets" means. Whats "collapsed" mean?
>
>
> That is a visualization. The media wants to paint a picture that's as
> negative as possible. Not that bad stuff isn't happening. But you
> know
I get th
On Fri, Sep 26, 2008 at 12:40 PM, Beth Fleischer <[EMAIL PROTECTED]> wrote:
> ok, someone explain to me what "collapsed under the weight of its enormous
> bad bets" means. Whats "collapsed" mean?
That is a visualization. The media wants to paint a picture that's as
negative as possible. Not
ok, someone explain to me what "collapsed under the weight of its enormous
bad bets" means. Whats "collapsed" mean?
- Original Message -
From: "Erika L. Walker" <[EMAIL PROTECTED]>
To: "cf-community"
Sent: Friday, September 26, 2
>y'now,
>
>I looked at the subject line and thought that American University in DC
>had closed down it's radio station
>
>WAMU
>
I had thought the same thing initially.
~|
Adobe® ColdFusion® 8 software 8 is the most importa
y'now,
I looked at the subject line and thought that American University in DC
had closed down it's radio station
WAMU
Erika L. Walker wrote:
> http://voanews.com/english/2008-09-26-voa7.cfm
>
> *As U.S. lawmakers grappled over a $700 billion dollar bank bailout plan,
> one of the nation's
On Fri, Sep 26, 2008 at 7:51 AM, Cameron Childress <[EMAIL PROTECTED]>wrote:
> On Fri, Sep 26, 2008 at 10:31 AM, Charlie Griefer <
> [EMAIL PROTECTED]
> > wrote:
>
> > hmm... i still owe $845 on a WaMu visa. i gotta pay that still? :)
>
>
> First, you have to buy a big screen TV and have it shipp
On Fri, Sep 26, 2008 at 10:31 AM, Charlie Griefer <[EMAIL PROTECTED]
> wrote:
> hmm... i still owe $845 on a WaMu visa. i gotta pay that still? :)
First, you have to buy a big screen TV and have it shipped to my house.
then you can chop it up.
~
Subject: Re: No more WAMU ...
hmm... i still owe $845 on a WaMu visa. i gotta pay that still? :)
On Fri, Sep 26, 2008 at 7:16 AM, Jacob <[EMAIL PROTECTED]> wrote:
> I had a feeling for about the last two months they would belly up. Tons of
> exposure to bad mortgages.
>
> Opti
were great company decisions!
>
> -Original Message-
> From: Cameron Childress [mailto:[EMAIL PROTECTED]
> Sent: Friday, September 26, 2008 7:06 AM
> To: cf-community
> Subject: Re: No more WAMU ...
>
> I actually know someone in banking here in Atlanta who's been s
-community
Subject: Re: No more WAMU ...
I actually know someone in banking here in Atlanta who's been saying WaMu
(specifically) has been in trouble for about a year now. He's been saying
it for a year, not that he just said it.
-Cameron
On Fri, Sep 26, 2008 at 8:51 AM, Erika L. Walk
I actually know someone in banking here in Atlanta who's been saying WaMu
(specifically) has been in trouble for about a year now. He's been saying
it for a year, not that he just said it.
-Cameron
On Fri, Sep 26, 2008 at 8:51 AM, Erika L. Walker <[EMAIL PROTECTED]>wrote:
> http://voanews.com/e
On Fri, Sep 26, 2008 at 9:01 AM, Jacob <[EMAIL PROTECTED]> wrote:
> I was watching the news last night here in Los Angeles. There was a line
> at
> the ATM at one of the WaMus. The reported asked why are you taking out
> money? The lady said because I am going to lose it now and the govt said
>
there. JP Morgan is going to take over
the deposits. Does not involve the govt.
-Original Message-
From: Erika L. Walker [mailto:[EMAIL PROTECTED]
Sent: Friday, September 26, 2008 5:52 AM
To: cf-community
Subject: No more WAMU ...
http://voanews.com/english/2008-09-26-voa7.cfm
*As U.S
http://voanews.com/english/2008-09-26-voa7.cfm
*As U.S. lawmakers grappled over a $700 billion dollar bank bailout plan,
one of the nation's largest banks - Washington Mutual Incorporated -
collapsed under the weight of its enormous bad bets on the U.S. mortgage
market. From Washington, VOA's Purn
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