Mr. Nando asked:


I have a lot of money in Wamu high interest savings.I heard in the news that Wamu is in financial trouble. I couldn’t analyze if its good news or bad news that they received Billion $ loan? But anyhow, should I take out all my money out or am I still guaranteed under the FDIC rules. FDIC covers savings (i do not have mutual funds or stocks). So should I take my money out in fear I’ll lose it all? Or am I okay

DIANNA

3 Responses to “Wamu was in the news, Im confused! Should I take all my money out?”

1. Mister Mister on September 22nd, 2009 5:50 pm

   You answered your own question….they are FDIC insured. Unless you have more than $250k sitting in there, I certainly wouldn’t worry. If you do have more than $250k sitting in there, I would invest a large portion of that into something with a little more return than a bank’s savings account….

   You’re covered.

2. redwine on September 24th, 2009 8:04 pm

   For shareholders but that you have over 100k think that you are reading about is not good for shareholders but that the capital.
   The capital infusion that the capital infusion that you are worried about if it to another bank there is fdic insured you are reading about.

3. Richie Rich on September 27th, 2009 7:44 pm

   The last few months total asset value before this was around 15 20 trillion wamu has about than if the last few months.
   The last few months total asset value before this was around 15 20 trillion wamu has about than if not more and.