Pro
02
2011
Reaction: The Collapse of Washington Mutual
Washington Mutual is known for its no-thrills, no-fees banking with a neighborly feel. But the collapsed bank’s new owner, JP Morgan Chase, doesn’t give off those vibes. Many are upset. (Sept. 26)
Video Rating: 4 / 5
banking another way
Video Rating: 3 / 5
Now those old white bankers own that hip black wamu guy,
one guy 9 home loans in five states
oops…i meant „sue“ them.
Funny, before all this happened-I was a loyal banking customer of Wamu for at least 6 years prior to the meltdown. When I got with them and read the pamphlet they sent me, I immediately questioned how aggressive they were expanding. 2009, my bank changed to JP Morgan Chase-didn’t know exactly why, but later on I found out. Thank god I was not a 1st time home buyer or shareholder, because I more than likely would be in line with everyone else trying to suing them.
wise words from a wise woman
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@jojo808 I can see where OhNoPaypal is going. Usually any news organization is going after someone who doesn’t look like they know what they are talking about.
They cleanedout the building downtown–but no one could say anything because they would get fired for talking to the press!! WE WERE ROBBED, STRONG ARMED BY JPMC and the FEDS facilitated this takeover because WAMU turned down the offer to buy them from JPMC the year earlier, and the year earlier….JPMC wanted WAMU, and theywere willing to play dirty pool to do it!
We were sent home at Thanksgiving time 2008—but kept on the payroll until Jan, 2009. This was a way to lay everyone off, but keep them quiet, because we had to be an employee „in good standing“ to get any severence pay one month after being cut from payroll.
actually?
She actually sounded educated. A++
Great Western Bank existed in the days when banks simply put were not the same institutions they are now. I was a loyal customer of GW and loved it. Wamu has been nothing but trouble since I decided to stay with them after their takeover of GW. They are fee hungry nailed people for the lightest transgression and alot of times when nothing had been done by the customer.! Consumer groups have alledged fradulent business practices among other things. Wamu is guilty as hell for what they’ve done !
WAMU was screwed from the start when they changed over from Great western bank.
Well Said!
The woman spoke it Perfectly. I was a manager for WAMU and Chase both. The government is well aware of the trouble that Americans are facing and have a hidden agenda that will eventually harm everyone in the next 10 years.
WMI was solvent and well-capitalized, and Killinger didn’t drive WMB
into the ground. the Naked Shorts did , along with the legal shorts,
that should have never been able to be executed because WM should
have
been on the no-short list along with the other banks.
Why was WM not on the no-short list?
Because Paulson and the other crooks wanted them to get shorted into
the ground before the BAILOUT came.
You can always switch over to TD (Commerce), I mean they do have the same things as WaMu, right? I mean my father uses WaMu, but I’m sure TD also has free checking, and wire transfers.
Correct me if I am wrong, but Chase will have to spin WaMu off as an independent company, and there is no way JPM will do such a thing, when in such an industry, you fight for your footprint, and little to no competition almost doesn’t effect you.
WaMu was screwed from the start….. chase took over and i dont know if thats a good thing or a bad thing. the people who are getting layed off because of it is a very BAD thing.
can u believe the new wamu commercials?!! what a friggin shame! these people should be gathered up and shot and fed to the pigs
Within a few weeks, CHASE = Only Bank
LUV IT!!!OBAMA HAS WON THE 44TH PRESIDENCY OF AMERICA!!! OBAMA HAS WON THE 44TH PRESIDENCY OF AMERICA!!!
THOUSANDS OF PEOPLE IN CHICAGO & around the world… listened 2 Obama’s speech…
The union of 55 states of America.
Witnessing a change in America.
The people who voted Obama felt good about it!
„Out of many we are one“
„WHAT AMERICA DO POLITICALY EFFECTS THE WORLD.“
„RAINBOW POPLE COMING TOGETHER FOR CHANGE WITH OBAMA“
JESSE JACKSON’S DREAM CAME TRUE.
I’m not tyring to flash the „race card“. But this goes to show u that all blacks are not dumb. All you have to do is study. That is why the Chinese are known to be intelligent because they go to school all year around. In the U.S. their families put the children in Saturday programs.
CHASE = Best Bank
wow this woman is very well educated
Looking at this commercial, I want to see a parody of it with the WaMu Guy homeless and the rich banker laughing at him
Wow a lot of finger pointing and name calling directed at WaMu here. WaMu was allowed to fail, all the banks had major sub-prime exposure, but who got helped out? I think the major banks and their buddies at the Fed and in the government, enacted their revenge in 2008, while other banks got bailed out, the people-friendly, largely fee-free bank takes the blame, and is not saved from Bankruptcy. Looks like they pissed off that banker’s pen.
Stu the Meat Man!
@GINGERALER
As a white male, you cannot TRUELY be offened by this.
@rf101259 I used to work for WAMU, left after the merger. Didn’t believe in Chase culture and DEFINITELY didn’t believe in its products. WAMU MISSED!
I used to work for WAMU, loved working for them, great company. I miss WAMU. I now work for *another* bank and I can tell you, big difference. Wish WAMU was still around!
When you offend the strong, you have no one left to support you.
Good riddance, „WaMu“.
Easily the most obvious example of racist advertising. A group of stodgy white bankers corralled together to represent the ‘old school way of banking’ and the smart ass young black guy coming off as the new standard. If this was all reversed, there would have been a shitstorm of controversy.
Only Americans would find this TVC racist. I’m an Australian and I love this commercial, it was used as a case study by my advertising agency and not one person made a racist reference. It makes fun of the STEREOTYPE of BANKERS, not white people. Using the african american as the staff member of Washington Mutual, shows that they are DIFFERENT. That is all. Stop trying to make this brilliant piece of advertising into something that it is not.
Obviously, WaMu’s brilliant ideas were not able to save them. Most likely it was those ideas and their pandering to the perpetually stupid that caused them to fail
„Wamu“, having helped crash the world economic system with its subprime loans to unqualified minorities, is now thankfully history, but the lib media is still packed with racist anti-white male defamation. The issue is, how long are white men (NORMAL men – not white uncle toms) going to put up with this shit??
Anon. No one cares if you dont trust blacks with your money. Not too many blacks trust you with theirs. Your comment was silly!
This commercial obviously played into the dark fantasies of certain members of minority groups. This is not unusual however. Because more blacks are entering the middle class but still remain part of the protected class, while advertisers continue to use explicit or implicit violence to sell products, a formula has been concocted to appeal to this demographic: white males will be the subject of humiliation, intimidation, and all sorts of violence at the hands of an authoritative black figure.
Because in addition to being the luminous, divine saviors of the universe, blacks are brilliant when it comes to money.
I would never trust a nigger with my money.
@JesusSaviorTeaParty The people that truly profited from the financial crisis are Ivy League educated bankers who made millions. They are living the good life in Manhattan, Palm Beach and other exclusive gated community where you and I would not be allowed in. „Blue Blooded only“.
So you can spend the rest of your time blaming the black and other minorities for the crisis, while the people that are truly responsible for it are playing golf and laughing at us.
@organizedactivist
best comment ever.
Stupid „white“ „male“
@JesusSaviorTeaParty Hehehe, well I’m not saying you’re lying, but do you have any facts and figures? george w. shithole went into a secret meeting w/ White House members and other people, excluding congress from the anything and decided to do this bailout shit that screwed over America. That particular fact was on a news cast that I saw, and most likely on the web. So there, that’s what I’m looking for. Otherwise the banks screwed up and the gov’t is wiping their asses at taxpayers’ expense.
@munsterr777 Well I’m not lying
@JesusSaviorTeaParty Hmm, never heard of that, I’m not under the impression however that you can force a bank to give out loans. Besides any economist, anybody that was into real estate during that time saw all that coming, anybody at anytime could’ve said something about that or tried to cover hiney and skip out before the crash. Real easy. Once again I think both screwed up everything and it’s up to regular working class people to clean the up bullshit not pay for it.
@munsterr777 the government pressured them to make these loans. what do you want them to do? disobey the US government? yeah right dude.
@JesusSaviorTeaParty You’re saying the gov’t forced the banks to hand out ninja loans and do the whole thing with the securities to create the bubble so it would crash? Seems to me that it wasn’t the case, but the main thing is that both of them screwed everything up.
@munsterr777 no it was the government. GOD DAMN GOVERNMENT FORCING BANKS TO GO UNDER WITH THEIR POLICIES
@JesusSaviorTeaParty And this was the banks decision wasn’t it?