Friday, September 26, 2008

Another day, another bank closing

posted by The Vidiot @ 7:05 AM Permalink

Though, this one is huuuuuuuge. Buh-bye WaMu:
Washington Mutual, the giant lender that came to symbolize the excesses of the mortgage boom, was seized by federal regulators on Thursday night, in what is by far the largest bank failure in American history.
Mr. Vidiot has his own theory as to one of the contributing factors. If you've ever used a WaMu ATM, you'll remember that instead of the word 'yes', they used the word 'sure' in some stupid effort to sound hip and cool I suppose. Anyway, it really annoyed Mr. Vidiot. "Nobody wants to use the word 'sure' when it comes to their money. It's either yes, or no. That's it. Imagine, if, when the priest says 'do you take this woman to be your wife' and the guy answered 'sure'. Can you imagine how pissed the woman would be? 'Sure' is too vague. It was all wrong."

That, and the fact that one of their advertising tag-lines that they had emblazened over the ATM machines in polished brass used the wrong type of apostrophe. THAT really bothered my typographical senses.

If you're paying a marketing firm to come up with brilliant ideas like "sure", shouldn't they know how to typeset?

See, obviously, it was just one bad decision after another.

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At 8:18 AM, Anonymous Frank Miller said...

This is unfortunate, but it should serve as a wake up call to all American investors. If you want to protect your money, you need to diversify and invest at least some of it overseas. These are hard times for American investing firms. I personally use offshore bank accounts and they have helped me with diversification and asset protection. If you want to read more on why offshore investing is smarter, feel free to visit my website.

Frank Miller


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