# Oh, and BTW, WAMU failed today. The largest bank failure in US history. **URL:** \ **Category:** Great Debates\ **Created:** [September 26, 2008, 3:52am UTC](https://boards.straightdope.com/t/oh-and-btw-wamu-failed-today-the-largest-bank-failure-in-us-history/465280 "2008-09-26T03:52:26Z")\ **Posts on this page:** 7\ **Page:** 2
**Author:** ![NAF1138](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/naf1138/32/3245_2.png) [@NAF1138](https://boards.straightdope.com/u/NAF1138)\ **Post date:** [September 26, 2008, 3:41pm UTC](https://boards.straightdope.com/t/oh-and-btw-wamu-failed-today-the-largest-bank-failure-in-us-history/465280/21 "2008-09-26T15:41:39Z")
Anyone know anything about Chase Bank? Am I going to be happy with them? I was planning on opening a joint account with my wife at Wells anyway since she works there (team member checking can be mine!) but if it looks like Chase won’t suck I will keep my with Chase. ---
**Author:** ![Justin\_Bailey](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/justin_bailey/32/8792_2.png) [@Justin\_Bailey](https://boards.straightdope.com/u/Justin_Bailey)\ **Post date:** [September 26, 2008, 4:09pm UTC](https://boards.straightdope.com/t/oh-and-btw-wamu-failed-today-the-largest-bank-failure-in-us-history/465280/22 "2008-09-26T16:09:58Z")
> [@Koxinga](#): > > What’s this about Lindsay Lohan? She officially came out as a lesbian and men of the world, in their distraught state over losing their chance with her, made a run on WaMu branches all over the country to pool enough money together to bribe her to come back to hetero-land. Then WaMu failed. ---
**Author:** ![Koxinga](https://avatars.discourse-cdn.com/v4/letter/k/4af34b/32.png) [@Koxinga](https://boards.straightdope.com/u/Koxinga)\ **Post date:** [September 26, 2008, 4:18pm UTC](https://boards.straightdope.com/t/oh-and-btw-wamu-failed-today-the-largest-bank-failure-in-us-history/465280/23 "2008-09-26T16:18:16Z")
> [@Justin\_Bailey](#): > > She officially came out as a lesbian and men of the world, in their distraught state over losing their chance with her, made a run on WaMu branches all over the country to pool enough money together to bribe her to come back to hetero-land. Then WaMu failed. Now I know you’re just joshing me here. They were withdrawing the money to entice her to get a better looking girlfriend, and then let them watch. ---
**Author:** ![OttoDaFe](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/ottodafe/32/356_2.png) [@OttoDaFe](https://boards.straightdope.com/u/OttoDaFe)\ **Post date:** [September 26, 2008, 4:19pm UTC](https://boards.straightdope.com/t/oh-and-btw-wamu-failed-today-the-largest-bank-failure-in-us-history/465280/24 "2008-09-26T16:19:30Z")
> [@brazil84](#): > > I wonder if Chase will honor WAMU’s “free checking for life” policy. Pretty much my question as well. Specifically, I wonder about the feature that waives the WaMu fee for withdrawals from non-WaMu ATMs. Based on what I can tell from the Chase website, an account with the same feature requires a $15,000 balance. ---
**Author:** ![Sampiro](https://avatars.discourse-cdn.com/v4/letter/s/2acd7d/32.png) [@Sampiro](https://boards.straightdope.com/u/Sampiro)\ **Post date:** [September 26, 2008, 4:24pm UTC](https://boards.straightdope.com/t/oh-and-btw-wamu-failed-today-the-largest-bank-failure-in-us-history/465280/25 "2008-09-26T16:24:04Z")
> [@JXJohns](#): > > If you are a good customer and are on time with your mortgage payments, you really have nothing to negotiate with. You and your peers were the reason that WaMu had any value in the first place. What’s ironic is this: the mortgage on my house was in my mother’s name, she’s been dead two years, I’ve been making the payments and there’s never been a late one, _but_ they started giving me hell a year ago about how it has to be in my name. Ironically I have problem credit (I say ironically because I have almost no debt now but there were some problems years ago when I had way too much credit) and couldn’t assume the loan on my own, so I had to go with another bank, so mine is one of the “good mortgages” yet one they were threatening to call due. ---
**Author:** ![Leaper](https://avatars.discourse-cdn.com/v4/letter/l/4bbf92/32.png) [@Leaper](https://boards.straightdope.com/u/Leaper)\ **Post date:** [September 27, 2008, 6:11pm UTC](https://boards.straightdope.com/t/oh-and-btw-wamu-failed-today-the-largest-bank-failure-in-us-history/465280/26 "2008-09-27T18:11:26Z")
As I mentioned in another thread, [Bill Kristol claims more banks are about to fail,](http://weeklystandard.com/Content/Public/Articles/000/000/015/636zbhel.asp) possibly plunging us into Depression. ---
**Author:** ![Ignatz](https://avatars.discourse-cdn.com/v4/letter/i/3be4f8/32.png) [@Ignatz](https://boards.straightdope.com/u/Ignatz)\ **Post date:** [September 28, 2008, 2:00am UTC](https://boards.straightdope.com/t/oh-and-btw-wamu-failed-today-the-largest-bank-failure-in-us-history/465280/27 "2008-09-28T02:00:16Z")
The day before they folded, I received a letter from WaMu advising me that they were canceling my credit card and that they would be issuing me a new one with the same number. I wonder if they have already mailed the new card and if not, I guess they won’t. I had been paying off a $5k bill at zero % promotional APR for 6 months and did pay it off in July when the promo rate went up to 11.5%. I assume they were going to raise the APR again with the new card. I already have two with Chase. [Previous page](https://boards.straightdope.com/t/oh-and-btw-wamu-failed-today-the-largest-bank-failure-in-us-history/465280.md?page=1)