Wednesday, September 17, 2008

Washington Mutual and the FDIC (WM)

Earlier today I had promised a post on the real problem with the possibility of the FDIC taking control of WaMu. I'm not going to get to it until tomorrow morning. The short version is, keep a couple weeks of expenses in another depository institution or in cash. I'll get to it tomorrow.
I apologize, it's been an interesting couple weeks.