R0B50

WaMu and More: Uninsured Depositors Begging for Trouble

At a certain point the logic and validity of any comment saying 'Run! Get out before they close the door!' becomes absurd imo.
In the case of WM people seem to be pricing this like every loaan in whole catagories willl go default and be worthles, yet people like me and many of us, continue to pay our bills and work and live.
Valuing WM as worth 4 Billion? Come on, that is just rediculous. I understand the math, the posssibilities of a run, the lack of confidence and hysteria atm, but this is getting stupid.
We willl have a few quarters of bad results along with more oof the same building reserves.
That doesn't mean that every loan is going bad. It is a result of the Reserve requirements tightening. That is the condition every bank, esp those that borrow from the Fed makking it extremely difficult they will go under, has to abide by atm.
2 years from now I will be surprised if I haven't made 400-1000% gain imo. BTW I am long WM...LOL
Many times I have seen SeekingAlpha articles full disclosure, but it would have been nice here too.