Washington Mutual replaces CEO

Washington Mutual Inc., ravaged by losses from sour mortgages, replaced Kerry Killinger as chief executive of the nation's largest savings and loan Monday, adding him to the growing list of banking bosses ... Full Story
Tom

Peekskill, NY

#1 Sep 9, 2008
i hope WAMU goes under.i pay my credit card bill every month on time and at least 6 times a day i get calls from sounds like India calling and wanting more money..hope they all burn on the way down
mike

Brooklyn, NY

#2 Sep 10, 2008
I am invvistor wich i alwys look for WUMU for trade shear and i know wumu will be succsful bank and for shear holders i hope peple are going realise wumu would not bill out and they will be succsful bank my sugatio to any one would be just buy and hold and you will thank me later on
karla

Concord, CA

#3 Sep 10, 2008
mike wrote:
I am invvistor wich i alwys look for WUMU for trade shear and i know wumu will be succsful bank and for shear holders i hope peple are going realise wumu would not bill out and they will be succsful bank my sugatio to any one would be just buy and hold and you will thank me later on
HUH?????
Wamu Observer

United States

#4 Sep 10, 2008
I'm with you, Karla.
HUH??
not telling

AOL

#5 Sep 10, 2008
Someone needs to go back to kindergarten and learn how to spell. Or maybe I need some glasses.
douglas

Desert Hot Springs, CA

#6 Sep 10, 2008
The idiots that have run Wamu into it's current state of demise now are paying a BONUS to their new choice of CEO of 10 MILLION DOLLARS for signing on to their sinking ship. If that isn't fiscal stupidity, I don't know what is ... except - paying 24 MILLION DOLLARS out to the 2 idiots who ran Fannie and Freddie into the ground as their Golden Parachutes gently float them into retirement heaven.
Former Wamulian

United States

#7 Sep 10, 2008
I hope the stock goes to freakin' zero. My job got outsourced to India because that's where everything is at...all your loans and your social security numbers and all your private information, hell I had to call India just to get my computer at work fixed. See you at the gubbie cheese line, Kerry
Former Wamulian

United States

#8 Sep 10, 2008
Mike sounds like he would fit in real well with the outsourcers
Karla

Vineburg, CA

#9 Sep 11, 2008
Former Wamulian wrote:
I hope the stock goes to freakin' zero. My job got outsourced to India because that's where everything is at...all your loans and your social security numbers and all your private information, hell I had to call India just to get my computer at work fixed. See you at the gubbie cheese line, Kerry
It's close to zero....it opened to day at $1.86 and last I checked it rose to a whopping $2.08 See ya Wamu!!!
Karla

Vineburg, CA

#10 Sep 11, 2008
Wamu Observer wrote:
I'm with you, Karla.
HUH??
a pathetic LOL Wamu Observer....Maybe "Mike" is one of the computer guys in India!!
Former Wamulian

United States

#11 Sep 11, 2008
They should've sold to JPMorgan Chase when they had the chance but Kerry thought he was Superman thinking he could turn it around. At least I get unemployment, those poor people we rooked into taking loans they didn't understand or couldn't afford don't have a house now. Hope Kerry is enjoying the roof over his head sipping on a Mai Tai at the expense of the unfortunates.
not telling

AOL

#12 Sep 11, 2008
Its very scary working at wamu right now. I thought there was going to be a run on the bank this morning with all of the customers calling and asking about our stability. We even had a few customers come in and close thier accounts because of all the talk in the news. Rumor has it that JPM is looking at our balance sheets to see if they can come up with a deal on a buyout ( so i heard on cnbc). The uncertainty about our survival is stressful, thinking that we could go belly up any second is enough to turn your hair grey. I wonder every morning if I am going to get that call from my manager telling me that we no longer have a job so dont come into work today.
Avis B

Houston, TX

#13 Sep 11, 2008
Its made up 20+ percent and looks good in terms of capital and has just reported some decrease in losses by about 1.5 billlion for 3rd quarter from the second in a specific deprtmnt. Even if it comes to the point for big shark JP morgan for a buyout, it will only increase the value of the stock, WAMU is not going anywhere. Also Fishman has been known to rebuild companies very well and sell them high so its good news for shareholders and bad news for company employees. Difficult part is figuring out how long their new business plan will take to be effective. Good luck guys.
Avis B

Houston, TX

#14 Sep 11, 2008
Its made up 20+ percent and looks good in terms of capital and has just reported some decrease in losses by about 1.5 billlion for 3rd quarter from the second in a specific deprtmnt. Even if it comes to the point for big shark JP morgan for a buyout, it will only increase the value of the stock, WAMU is not going anywhere. Also Fishman has been known to rebuild companies very well and sell them high so its good news for shareholders and bad news for company employees. Difficult part is figuring out how long their new business plan will take to be effective. Good luck guys.
Former Wamulian

United States

#15 Sep 11, 2008
I worked at an HLC but if you work at a bank you should be ok and you needn't worry. JPMorgan was interested in Wamu because they wanted a presence in Florida and California for banks. All loans will be done at the banks and that's why all of the HLC's will be no more.

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