Dan Masters Online » FDIC http://www.danmasters.net Dan Masters Playground Online Mon, 02 Jan 2012 18:29:42 +0000 en hourly 1 http://wordpress.org/?v= Whoo Hoo! WAMU has Been Bought by Chase http://www.danmasters.net/whoo-hoo-wamu-has-been-bought-by-chase.htm http://www.danmasters.net/whoo-hoo-wamu-has-been-bought-by-chase.htm#comments Fri, 26 Sep 2008 19:36:25 +0000 Dan http://www.danmasters.net/whoo-hoo-wamu-has-been-bought-by-chase.htm image So my wish has come true and the ailing Washington Mutual has been scooped up by other bank Chase (or JP Morgan Chase as they like to be called). It seems that the FDIC swooped in and shut them down and Chase bought up what was left (mostly the depositors like me).

With that my wife and I have around 15 accounts with WAMU JP Morgan Chase. Obviously we will hold on to the higher interest savings accounts that we have with WAMU and now I don’t need to open a new business account with Chase as my WAMU biz account will transfer over.

I would say that the only unfortunate things about the transition is that they say that the “systems” should be integrated by the end of next year.

Thank God B of A didn’t buy them.

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