On the news that the FDIC may seize WaMu assets tonight, I took out a substantial chunk of my monies there and moved them to another.  Sure, it may have been an overreaction, but I hate the idea of not being able to get to my monies, even if just for a few days .. mortgages , and bills are all coming due next week.  So I took out about half of what I had in WaMu....

They asked me when I took it out why.. and if it was from the media and I said yes.  They said they had no idea yet what was going on, but they had someone trying to get info for them...  she said others had already come in like me withdrawing their money today.  I guess it was no accident that the latest announcement I heard on this was just a mere hour or two before closing on the west coast...  maybe they make these announcements late to avoid everyone withdrawing at once?

Anyway.. I know , I know... maybe overreaction.. but hey.. I'm safe to pay my bills now next week no matter what.

I see how WaMu handles their short sales and their poorly performing mortgages... how they (dont') help people and how they can hold a short sale file for months before telling us its lost... so its no wonder they're in this mess...

I guess the earlier reports were right, here's the latest:  Thursday evening, Washington Mutual was closed by the Office of Thrift Supervision and the FDIC named receiver.