Peter Lynch

WaMu's Downfall: No Safeguards

>>>I have accounts with WaMu (WM) and am happy that JPMorgan (JPM) has taken them over. JPM's James Dimon has the respect of many investors and Wall Street, and thankfully, my deposits are safe at WaMu.<<<

Your accounts are safe, no matter which banks you use, as long as they are FDIC insured and under the limit. A couple, with a little planning, can have accounts totaled up to $600,000 insured in one bank.

If you have millions of dollars in savings, checking and CD accounts in one bank (I don't care if your bank is JP Morgan, Citi, BOA, US Bancorp, or your local credit union), you need to spread that money around or buy yourself some treasury bills.

In the Wake of Bear: I-Bank Regulation Now in Fed's Hands

Since Wall Street will soon become a regulated industry, much like the Utility industry, wouldn't prince be better off in a industry that is a bit more exciting and challenging:)

May I suggest the High Tech industry....