My bank failed this morning. Apparently I am now a customer of JPMorgan Chase.
I had previously bought some stock at $2.10 a share, you know, as a gamble. First time I ever bought stock in an individual company. Well, I lost on that one. No biggie.
I like how amid the financial turmoil, that my bank can fail, and that immediately, I am a customer at some other bank. That’s really swell. We call that “graceful degradation.” Go go FDIC!
Still, I am a little sad. I liked Washington Mutual. Now my bank matches my credit card. Enh.