I'd steer clear of WaMu they specialized in toxic mortgage lending, their stock is down over 90% Y-O-Y and while I do not know their Texas ratio I do know they are dealing with alot of non-performing assets they need to take more write downs on. Basically by offering such short term above market interest rates they are signaling the significant need for capital/liquidity and I for one do not want to see how long the FDIC takes to send me back my money after they take over another bank that over indulged in the RE bubble.
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