Well, Chase bought Wamu. Might want to get their 5% 12 month CD while it's still available. Chase will probably remove it pretty soon.
money.cnn.com/2008/09/25/news/companies/JPM_WaMu/index.htm?postversion=2008092521
Quote:
PMorgan Chase acquired the troubled thrift Washington Mutual Inc., the Federal Deposit Insurance Corporation announced late Thursday.
JPMorgan Chase (JPM, Fortune 500) will also make a payment of $1.9 billion. Separately, JPMorgan announced it was planning to raise $8 billion in additional capital through the sale of stock as part of the deal.
"For bank customers, it will be a seamless transition," said FDIC Chairman Sheila Bair. "There will be no interruption in services and bank customers should expect business as usual come Friday morning,"
"WaMu's balance sheet and the payment paid by JPMorgan Chase allowed a transaction in which neither the uninsured depositors nor the insurance fund absorbed any losses," Bair said.
|