Yesterday my bank failed, then it was sold to JP Morgan Chase. I don’t know what this means for my banking mindset, but B of A has been tempting me lately.
Earlier today on the news I was watching a local report on WaMu and a reporter was getting the “word on the street” from the customers. Multiple customers had no idea WaMu failed yesterday, one even decided not to go in and deposit a cheque in his account. Pretty surprising how uninformed someone can be about what is happening in the country right now, and even more shocking that they don’t know their financial protections.
The greatest moment of this piece came when the reporter had talked to one customer who had gone into the branch last week and met with the Manager. He demanded to know “what was going on with all of this and what he should know”. The Manager replied with the following, “Everything is fine, don’t believe all that stuff that is out there, WaMu is as solid as a rock”.
Rocks do sink to the bottom.
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Joel Goodman added these clever words on Sep 26 08 at 1:21 pmI’m with BofA. Sometimes I hate it. Sometimes I don’t. But we don’t have Chase around St. Louis for some reason. But I did bank with Chase when I lived in WV. And it was good.
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