MOHAMED MOMENTS

Happiness is found in the moments

Thursday, September 25, 2008

Boo Hoo, No More WaMu

Well, it has happened. WaMu is officially JP Morgen Chase. Shawn has worked for two industries that have been hit hard by the economic downturn. It really isn't his fault that both DaimlerChrysler and WaMu tanked while he was working for them, we just like to tease him about it.

It was a very sad ending to the little company that could. People were working around the clock to save the company and they really felt they could but the government was too worried about covering all the FDIC insured accounts if they failed. They begged the government to give them another week or two to implement their plan but in the end, they undermined what WaMu was trying to do and then took them over--selling them to JP Morgen for free. Merry Christmas!

So, we find out December 1st what the status is of Shawn's job, so stay tuned! Anyone have an idea of another company that we can bring down?

1 comment:

Jake Egbert said...

Sounds like Shawn would be arriving at Ford just in time if you were to move back out to Michigan...

Oh, by the way, I found your blog today. Somehow I'd never stumbled upon it before...

"Oh snap!" is right... ;~)