From today’s Seattle Times: Feds seize WaMu in nation’s largest bank failure WaMu’s 43,200 employees won’t feel any immediate impact, though it’s likely JPMorgan will drastically shrink the thrift’s headquarters staff. More than 3,500 people work at WaMu’s 42-story headquarters at Second Avenue and Union Street, along with 800 people elsewhere in Seattle and 1,500…
Month: September 2008
WaMu: …and, there it goes.
Bloomberg: JPMorgan Buys WaMu’s Deposits as Thrift Is Seized JPMorgan Chase & Co., the third- biggest U.S. bank by assets, agreed to pay $1.9 billion for the deposits of Washington Mutual Inc. after the thrift was seized by regulators in the biggest bank failure in U.S. history. The U.S. government closed Seattle-based Washington Mutual amid…
Latest Dangerous Bailout Possibly Stoppable
Here’s an update on the latest ridiculous, expensive, and dangerous bailout that’s been floating around D.C. the past week. Here’s a decent breakdown of what exactly this bailout entails. First up, it is beginning to appear that this particular bailout may not actually be shoved through by the yes-men in congress. While the Democratic leaders…
King / San Diego Median Price Comparison Revisited
I thought since I’ve been on a road trip in California the last week or so, it would be appropriate to post a quick update on the San Diego / King County median price comparison I originally posted back in March. Here’s where King and San Diego counties stand as of August: Click to enlarge…
Puget Sound Counties August NWMLS Update
Let’s check in on the NWMLS statistics from around the sound. Here’s where the YOY stats stand for each of the six counties as of August 2008: King – Price: -11.2% | Listings: +16.0% | Sales: -16.1% | MOS: 6.8 Snohomish – Price: -9.4% | Listings: +2.3% | Sales: -19.4% | MOS: 8.1 Pierce –…