WaMu may be the next taxpayer surprise. People with more than 100k on
deposit at WaMu would be
wise to start moving thier money to another bank in my opinion.

The takeover of silver state bank last week by the feds has magickly reduced
depositors balance
sheet by aprox. $20 million dollars.


The bank's expansion under Killinger into risky subprime and Alt-A mortgages
led to $6.3 billion in losses over the last three quarters, with the stock
losing nine-tenths of its value in the past 12 months. Management has said
losses from one-family residential mortgages could approach $19 billion
through 2011.

http://www.forbes.com/markets/econom...markets35.html

Best Regards
Tom.