jpmorganwamuwelcome.jpg

Thanks to that little FDIC stamp on my bank statements, I haven't been worrying much about the cash I have at WaMu. But I decided

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What JP Morgan Means for Me

jpmorganwamuwelcome.jpg

Thanks to that little FDIC stamp on my bank statements, I haven't been worrying much about the cash I have at WaMu. But I decided to at least check to make sure there's still something there with which to buy debate-watching booze and maybe pay rent next month. It's still there of course, but here's the little note JP Morgan sent before letting me log in:

As of September 25, 2008, all WaMu customer deposits are now deposits of JPMorgan Chase, one of the strongest financial institutions in the world.

WaMu customer deposits — including checking accounts, savings accounts and certificates of deposit — remain insured by the FDIC and are now also backed by the strength and security of JPMorgan Chase. JPMorgan Chase has more than $2 trillion in assets and is America's #1 bank in deposits.

Translation: "Please stop taking your money out of the bank."

 
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