The Watering Hole

Looks like Washington Mutual is the next one to go under...  Wonderful.

I just did a spreadsheet that tracks my financials.  The last time I did it was almost three years ago (September 29th, 2005).  Since that time, I've done so wonderfully!  My net worth is only down about $320,000 since then.  So far...  

One bad comp blew a deal with one of my houses right out of the water (the one I have my 79 year-old Mom in).  With a bunch around it in the $230k+ range, one just HAD to sell for $205k and it's the exact same model (though a bit more run down) and only four doors down...

Yee haw.  :-/

speaking of wamu, for the past year they have been spamming the shit out of me through snail mail. probably trying to drum up legitiment revenue

Scary times.  I dont know if you guys know this but I recently left Merrill lynch.  Ended up with Tullett Prebon.  Lehman and Bear Stearns were two of our biggest account.  I am seriously concerned for my job.  On the bright side, if I get laid off, i'll have more time to make music.

The — Sep 18, 2008speaking of wamu, for the past year they have been spamming the shit out of me through snail mail. probably trying to drum up legitiment revenue

Yep, Me too.  I get something from them once or twice a week.

I always knew Craig was the money man.  ;)

Randy

I have 40 grand in a WaMu CD, glad they are FDIC insured. By the time it matures, I bet they have a buyer for the bank. Wells Fargo is looking at them for an acquisition, and so is JP Morgan bank. I may re up it in November they are offering 5%. As long as I stay under a hundred grand it is insured.

I'm just worried about my mortgage.  I have a cheap, fixed rate mortgage that was bought up by WaMu. :eek:

fantasticsound — Sep 23, 2008I'm just worried about my mortgage.  I have a cheap, fixed rate mortgage that was bought up by WaMu. :eek:

If it is fixed rate, that is the contract you signed, they can not change any of that.

You are fine if you are under contract.  What you don't want to have is:
a) a house that is worth 30% less than it was two years ago, and a loan that is going up
b) more than $100,000 in one account in a bank
c) all of your money in the stock market (unless it's there for the long haul, through thick and thin)

Neil, you are safe with the mortgage.  Don't worry about it.