Looks like the FED might take over WaMu this friday, if any reader has more
than 100K on deposit
tomorrow may be the last day to move your money or lose everything over
100K. Even if you have multiple
accounts totaling more than 100K move them. When silver state bank failed
the feds combined multiple
accounts that were under a single social security number treating them as a
single account. Multiple account
holders at silver state bank were only left with 100K even though thier
multiple accounts totaled more than 100k.
It seems the FEDS like to do bank takeovers on fridays.


Federal regulators were working to help broker a deal, concerned about the
effect a failure could have on the bank insurance fund overseen by the
Federal Deposit Insurance Corp., said people who were briefed on the effort
but not authorized to speak publicly.


The Seattle-based thrift had about $143 billion in insured deposits as of
June 30, about three times the size of the insurance fund.

http://www.latimes.com/business/la-f...,1270305.story

Best Regards
Tom.