Comments on: Washington Mutual’s Failure Hurts Some Mutual Fund Investors http://www.thesunsfinancialdiary.com/investing/washington-mutuals-failure-hurts-some-mutual-fund-investors/ Fri, 03 Feb 2012 17:42:24 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Sunhttp://www.thesunsfinancialdiary.com/investing/washington-mutuals-failure-hurts-some-mutual-fund-investors/#comment-44691 Sun Tue, 30 Sep 2008 04:39:53 +0000 http://www.thesunsfinancialdiary.com/?p=2641#comment-44691 aschmuck: WaMu was closed by the federal Office of Thrift Supervision and it was taken over by the FDIC. Then the bank's deposit was acquired by Chase. Yes, in this case, customers won't experience any difference when they go to the bank, but it was indeed first closed then bought by Chase. Usually when bank is taken over by the FDIC, it always seeks a buyer so it won't have to operate the bank. Here, it just happened faster than other cases. aschmuck: WaMu was closed by the federal Office of Thrift Supervision and it was taken over by the FDIC. Then the bank’s deposit was acquired by Chase. Yes, in this case, customers won’t experience any difference when they go to the bank, but it was indeed first closed then bought by Chase. Usually when bank is taken over by the FDIC, it always seeks a buyer so it won’t have to operate the bank. Here, it just happened faster than other cases.

]]> By: aschmuckhttp://www.thesunsfinancialdiary.com/investing/washington-mutuals-failure-hurts-some-mutual-fund-investors/#comment-44687 aschmuck Tue, 30 Sep 2008 01:54:32 +0000 http://www.thesunsfinancialdiary.com/?p=2641#comment-44687 Did I miss something? JP Morgan bought Wamu. FDIC insurance does not come into play because JP Morgan is assuming all the deposits and the FDIC is not operating the bank. Do I have this wrong? Did I miss something? JP Morgan bought Wamu. FDIC insurance does not come into play because JP Morgan is assuming all the deposits and the FDIC is not operating the bank. Do I have this wrong?

]]> By: Sunhttp://www.thesunsfinancialdiary.com/investing/washington-mutuals-failure-hurts-some-mutual-fund-investors/#comment-44686 Sun Tue, 30 Sep 2008 01:07:54 +0000 http://www.thesunsfinancialdiary.com/?p=2641#comment-44686 That's right. Actually, there's no big drop of the fund itself. That's the beauty of investing in diversified funds instead of individual stocks :) That’s right. Actually, there’s no big drop of the fund itself. That’s the beauty of investing in diversified funds instead of individual stocks :)

]]> By: Moneymonkhttp://www.thesunsfinancialdiary.com/investing/washington-mutuals-failure-hurts-some-mutual-fund-investors/#comment-44674 Moneymonk Mon, 29 Sep 2008 19:28:26 +0000 http://www.thesunsfinancialdiary.com/?p=2641#comment-44674 I don't own any of those either, However, the good thing about mutual funds it's not too risky because of all the stocks inside of one I don’t own any of those either, However, the good thing about mutual funds it’s not too risky because of all the stocks inside of one

]]>