Here we go again! Maybe we should make light of the situation and start a TV game show called, Name that Bank.
Back in the eighties, most all of the banks changed names at least three times before they settled into one that would stay afloat. I saw on the front page of the Houston Chronicle that Washington Mutual (WaMu) was seized last night and most of its assets were purchased by JPMorganChase.
Washington Mutual is my bank. So, I can make light of the situation. The reason for the title? Well' back in 1985, when I was eighteen, I opened a checking account at San Jacinto Savings and Loan. I have never moved that bank account, but in the ten years that followed the bank name on my checks changed 5 times. Washington Mutual was by far the longest lasting name.
Well, apparently for the moment I'm a JPMorganChase account holder. I wonder what the next bank name will be?