Is wamu going under, what do I do?
I bought a home from WaMu and they were absolutely clueless! Their right hand has no idea what the left hand is doing. I don’t know if they are going under, but I personally would avoid doing business with them. I also would not hold any shares of their stock, either. In my home purchase WaMu was so unprofessional, that they lost money on the deal even though I tried to pay them more for the house. In the end, I got a very sweet deal on the house and WaMu probably lost about $200,000-$350,000 in the transaction. Maybe they didn’t care because they new that the government would bail them out.
