Can Washington Mutual go under and file for bankruptsy ?

Question

If it does....does it mean I will not be able to recoup all my money even though I'm FDIC insured?

I don't think Wamu can get that bad because it's a really big bank.

Answer 1

If they would go under, since they are FDIC you would be able to recoup your money.  They were talking about this issue on the Today Show this morning.