Is Washington Mutual in trouble? Will it go out of business like IndyMac?

Question

Is Washington Mutual in trouble? Will it go out of business like IndyMac?

Answer 1

There are no crystal balls.

Answer 2

I dont really know, but they keep on calling people to get peoples attention so they can get more costomers. They are running out of money, and getting out of business.

Answer 3

WaMu's stock has steadily declined in the past twelve months and it is trading today (Monday) down almost a buck-fifty.  The 52 week high was $42.93 and in the past year has dipped as low as $3.05.  While you can't see or hear much certain about WaMu at the moment, they aren't looking good, but so is just about everyone in this near "bear" market we are in right now.  Hard to say.

Answer 4

It's not certain if they will go out of business but it is certain that they are in trouble.  Stock prices don't plunge like their's has for no reason.  Somebody knows something(employees, vendors etc) and they have been taking action on this stock.

Answer 5

We have had a WaMu account for some time and have regretted it from day one. They have a habit of rearranging deposits and withdrawals, and drawing us negative (i.e.: our stimulus check came via electronic deposit, then about one week later, they took it out, then re-deposited it and this drew us negative). We are not the only ones experiencing checking account troubles with them. We personally think this has been happening to milk the maximum fee's from customers to make it appear they are worth more to investors. short answer, yes, they are in trouble and likely will go under, get your money out if you have it in there or invested. We live paycheck to paycheck and if our money was tied up waiting for the feds to verify it so we could withdraw (should they close anytime soon) we would be in a world of hurt. As well, have stocks with them.....sorry to hear that, looks like that is going to be a loss for all too many.