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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (84176)	8/31/2008 10:57:31 AM
From: Haim R. Branisteanu	Respond to of 116555

mich I picked some WB at $10.50 I am sorry not selling at 19 2 -3 weeks ago - had a sell order at 20 :(

To: mishedlo who wrote (84176)	8/31/2008 11:03:20 AM
From: Jim McMannis	Respond to of 116555

How pathetic is that? 5% on a CD puts the bank and taxpayer at risk. A lousy 5%.

To: mishedlo who wrote (84176)	8/31/2008 11:49:48 AM
From: Sr K	Read Replies (1) \| Respond to of 116555

Do you have any verification of the 5.00% rate and in what area it is offered? It looks more like a scam that has nothing to do with the real WaMu, which on wamu.com is offering a top rate of 4.50% APY. They are competing with banks offering 4.15, 4.20, 4.40. If WaMu is offering at or over the top rate of other banks, it might mean they need the liabilities (deposits) to finance the demand for mortgages. With Fannie Mae fees up 1/4 or 1/2 percent, there is room for banks to pay more for deposits, especially starting a month from now, if they do not go through the GSEs. Or, at least test the water, before going along with the GSEs higher fees.

To: mishedlo who wrote (84176)	8/31/2008 1:15:18 PM
From: Elroy Jetson	Respond to of 116555

Wamu offering 5% APY on their 5 year CD products is not exceptional -- an extra 0.86% compared with the national average of 4.14% according to BankRate.com. Corus Bank is offering 4.25% APY on 1 year CDs, while Wamu is offering 4.5% for the same term. Only one year ago, the Federal Reserve Discount Rate was 5.75%, currently a laughable 2.25%. Meanwhile, the PPI inflation index has risen 9.8% over the past 12 months. . . . . . . . Who is really at risk in this scenario? . . . And which organization is the REAL source of this systemic risk? .