Isha is a fountain of knowledge and wisdom. Her company ePic Measures is the truth
Apparently, the plans I was advised about the morning of 9/18 are faltering more so becasue of pressure from stakeholders to sell than attempts to weather the storm:
www.latimes.com/business/la-fi-wamu18-2008sep18,0,1270305.story
Best option is for consumers to rally together and put money into the banks who really have a heart for consumers more than corporate pockets. That's how the housing market got out of hand--corporations lost sight of the consumer. They became greedy and pushed the market over the edge.
WaMu is one of those banks that really is for making things inexpensive for the customer (business and personal banking) and they should remain open for business. If they must be purchased, I'm hoping Wells Fargo can manage the deal plus leave consumer services in tact. When Chase bought out Bank One, everything went to pot. Citibank is not a consumer friendly insitute either.
www.wamufreechecking.com/FreeChecking/index.html?appType=FC&AffiliateID=drivepm&CreativeID=WFC
On the opposite end of the spectrum, leery of bigger banks who get bigger. That's not a healthy sign at all. See Bank of America article below.
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Collier is also a former BofA loan officer who now works at Bank of the West. She said the water-cooler talk in banking circles these days centers on how consolidation will continue until there are only three or four major banks left.BofA will be one of them, Collier said. So will Citibank. 'We're just not sure who will be the other two,' she said.
www.latimes.com/business/la-fi-lazarus17-2008sep17,0,2186787.column
Do your research and stay in the know. Changes are happening while we sleep.
ie
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