Thursday, September 25, 2008

Exodus

I admit pulling my excess cash out of what is my day to day online bill pay account, but that excess cash wasn't exactly much money.

Federal regulators said WaMu has suffered an exodus of $16.7 billion in deposits since Sept. 15, leaving the Seattle thrift "with insufficient liquidity to meet its obligations."


Apologies my couple grand or so were part of the problem.