Any chance that WaMu will fail?

Question

I'm planning to buy lots of WaMu (WM) stocks. I just wanna know your opinion and if WaMu fails is my money gone or there is federal protection?

Answer 1

Chance is 75%. I bank there and I see the panic. The company's financial statments don't look good either.

But no need to worry, unless you have over $100,000 in an account there. The FDIC will insure it. To be on the safe side, I wouldn't keep more than $10,000 in any one bank.

Don't buy any stock from them. It's not insured and very risky.

Answer 2

Of course there's a chance Washington Mutual will fail (or be taken over).  The company is obviously being run by incompetent fools.  And the board of directors is not much better.  

If the company fails, your money is gone.  There is no federal protection.  So don't invest money you can't afford to lose.  Otoh, if you're a bit of a risk taker, throwing a little money at this stock MIGHT BE a good risk.  

Answer 3

study the fundamental & management of the organisation ,before investing  secondely do not relay on any protections , if it is your hard earned money if yuu need it you have to protect not federal.