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Thread: WAMU to fail?
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Old 07-14-2008
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The_Cynic The_Cynic is offline
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Yeah, they got screwed on the Countrywide takeover.

However, on the 100k, The IndyMac failure will cost the FDIC %15 of reserves.

The failure of big bank like WAMU or BOA would wipe that fund out, and you would waiting for your money while the FDIC went to congress for more $$$ to cover their guarantees.
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