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Washington Mutual Collapses

Link. "Customers of WaMu, based in Seattle, are unlikely to be affected, although shareholders and some bondholders will be wiped out. WaMu account holders are guaranteed by the Federal Deposit Insurance Corporation up to $100,000, and additional deposits will be backed by JPMorgan Chase."
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Paul is a roving vagabond that until recently was fully and responsibly employed as a CTO. Now he spends his days in the Pacific Northwest enjoying a well deserved Summer Vacation as he hikes, bikes, climbs, runs, swims, naps, and ponders his way towards an idyllic life.

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