Washington Mutual, ticker symbol WM, appears to be the next big failure.  The stock is getting hammered and their ability to raise capital is diminishing.  If you’ve got any accounts there over $100k now is the time to get that out.  Luckily, if you’re poor like me and you don’t have 100k in liquid cash it’s not a concern.  I’m still thinking about locking some money up in that 1 year 5% APY CD that they’re offering.  As long as it’s FDIC insured you should be good to go.

UPDATE:  I wouldn’t be surprised if it’s Jamie Dimon to the rescue.  I’d actually be kind of glad.  I like JPMorgan.  I’ll bet the WM board members are wishing they took that $8/share offer Dimon made several months ago.