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	<title>New York City Metblogs &#187; economy in nyc</title>
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		<title>Panic in my pockets</title>
		<link>http://nyc.metblogs.com/2008/09/16/panic-in-my-pockets/</link>
		<comments>http://nyc.metblogs.com/2008/09/16/panic-in-my-pockets/#comments</comments>
		<pubDate>Tue, 16 Sep 2008 17:36:24 +0000</pubDate>
		<dc:creator>dhaval mehta</dc:creator>
				<category><![CDATA[Current Events]]></category>
		<category><![CDATA[economy in nyc]]></category>
		<category><![CDATA[wamu]]></category>

		<guid isPermaLink="false">http://nyc.metblogs.com/?p=3634</guid>
		<description><![CDATA[WaMu or Washington Mutual or the bank of choice for all my friends in NYC, Queens &#8211; whether business or personal accounts &#8211; is rumored to fall next.
I got a worried voicemail instructing me to move all my funds out of the bank while riding the subway. There&#8217;s mass confusion for us that are not [...]]]></description>
			<content:encoded><![CDATA[<p>WaMu or Washington Mutual or the bank of choice for all my friends in NYC, Queens &#8211; whether business or personal accounts &#8211; is <a title="Is WaMu next?" href="http://www.businessweek.com/bwdaily/dnflash/content/sep2008/db20080916_498821.htm?chan=top+news_top+news+index+-+temp_news+%2B+analysis" target="_blank">rumored to fall next</a>.</p>
<p>I got a worried voicemail instructing me to move all my funds out of the bank while riding the subway. There&#8217;s mass confusion for us that are not financially savvy.</p>
<p>Can someone from WaMu please let us know what&#8217;s going on and what we can expect? I know that the FDIC insures up to $100,000 and after that, you&#8217;re sort of on your own.</p>
<p>So any help would be great. And what I&#8217;m doing now is re-visiting other banks and figuring out how to manage this plan. NYC is getting to be more of a hazard for businesses and individuals.</p>
<p>The once popular banks employed well-paid bankers. Businesses thrived, real-estate prices sky-rocketed, night spots grew, coffee shops expanded, but with the fall of major banks, where will our city be in 5 years?</p>
<p>I&#8217;m worried.</p>
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