WAMU was in the process of doing things to make adjustments for the losses it was incurring from all of its mortgage business. Things were being changed and they were really on their way to possibly becoming a viable company again, though it was going to take some time to say the least. But because of the panic instilled by the media and not properly cared for by the government, I honestly believe that people were scared. As a result, they took out their money. In mass quantity. The loss of deposits was probably what caused this really. If they had over $100k, I guess I can't blame them.
I am sad about WAMU - I really am. No, it has nothing to do with the fact that my husband is an employee there, although I should disclose that he is..for now. It has nothing to do with the fact that we have lost hundreds of thousands of dollars just from the impact on the stock we own or the restricted shares that were going to be vesting soon. And it doesn't have anything to do with his certainty or lack of certainty of employment going forward. These things all worry me, but I am sad because I truly blame the media and the government for causing such a ruckus and making things in this country far worse than they should be. WAMU sufferred basically what amounted to a run on the bank.
I think it is wonderful that at least part of WAMU was purchased although at a wonderful discount via the government on the behalf of the purchaser. Part of me can't help wondering if there are some very good friends of Mr. Bush at JP Morgan.... Sorry, I don't usually get political. I am just a little sick to my stomach.
Courtney Cooper
Seattle Realtor, Owner/Designated Broker/EcoBroker
Cooper Jacobs Real Estate
206-850-8841
(Seattle real estate - search all MLS listings from all companies for FREE), SeattleAfloat.com (Seattle Houseboats), GreenLakeLoop.com (Green Lake Blog), QueenAnneBoulevard.com (Queen Anne Blog), MagnoliaView.com (Magnolia Neighborhood Blog)
About Me:
Seattle real estate has been a big part of my life for well over a decade since I began my career in real estate,but also before that time when I was in the process of purchasing my own first home. Buying your first home can be quite overwhelming,but I have managed to help many first time home buyers along the way.
Move up Seattle buyers and other types of specialized purchasing is a great passion of mine! I love Seattle houseboats and you can find me down on the docks of Lake Union and Portage Bay several times a week. Other aspects of Seattle real estate that I adore include Queen Anne Real Estate,Wallingford Real Estate, Ballard Real Estate, Green Lake Real Estate, Laurelhurst Real Estate, Magnolia Real Estate,andSeattle Waterfront Real Estate.
In addition to being a Seattle residential broker and founder of Cooper Jacobs & Seattle Afloat, I am also a member of CBA (Commercial Brokers Association) and head of the Cooper Jacobs Commercial Division in an effort to provide excellent commercial real estate services to the Seattle commercial real estate industry. With a background in accounting and management, it is my great pleasure to coordinate our Seattle commercial brokers.
About Cooper Jacobs Real Estate's Seattle Branch:
My office at Cooper Jacobs Real Estate LLC is located centrally near all my favorite Puget Sound neighborhoods just a few blocks up from Lake Union in Seattle’s Wallingford. Cooper Jacobs Real Estate is a wonderful place filled with talented Seattle real estate brokers and I count myself extremely lucky that I get to spend so much time with these wonderful people. We specialize in different Seattle neighborhoods and suburbs in both residential and commercial real estate and are all very passionate and excited about each of our favorite Seattle neighborhoods and industries!
©Courtney Cooper ©Cooper Jacobs Real Estate LLC
