BofA buying Countrywide Financial

[Waterbuffalo]

http://seattletimes.nwsource.com/html/businesstechnology/2004121161_countrywide12.html

[Chief]

Not a good sign for WAMU...

[Waterbuffalo]

If you read my wamu link to JP Morgan Chase article, it looks like wamu might lose it Seattle headquarters, thousands of back office jobs that are handled in Seattle and many other things.

Billions of dollars in risky loans that are 1/2 of your Portfolio should be a lesson to all younger loan officers and head bankers.

Recently I have seen a lot of turn over at our local banks and credit unions recently here, so it has me wondering....

[Chief]

Yah....I'm thinking things are a tad unpleasant these days at WAMU HQ...

[Waterbuffalo]

Yeah, when the higher the gains, the higher the Wamu tower falls?