Anyone dealing with WaMu in the last 6 months at least has been dealing with a crippled, defunct, unorganized company left over of a time that has now passed and possibly will never come again. Lending for the last couple of years has run-a-muck and it is time to pay the piper. Washington Mutual being gobbled up by the anaconda called JP Morgan/Chase finds itself next to likes of several others one of which is EMC. EMC though it still working under its current name, for now, where as Washington Mutual has finally made the last of the system adoptions and now being on Chase’s mainframe we hope they are going to get on with business in a relatively smooth fashion.
Only time will tell but at least Washington Mutual is gone but the nightmares still exist.
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