Originally Posted by RainierBeachPoet
anyone know how much bennett lost?
Bennett's not the loser....
Loss of WaMu a blow to Seattle psyche
SEATTLE (AP) - First, Boeing Co. Then Safeco Corp. and the SuperSonics. Now Washington Mutual.
"Seattle lost a piece of itself today," said Allen Stover, 60, who has banked at WaMu since he was a kid, as have his parents and grandparents.
On Friday, while withdrawing cash from a WaMu ATM machine, Stover lamented the loss of yet another Seattle institution, one with roots dating back to 1889.
"It's kind of demoralizing," he said. "It's going to change the way people look at things in the city."
The takeover of the nation's largest savings and loan by New York-based JPMorgan Chase isn't just a black mark on the economy but will hurt Seattle's self esteem.
In recent years, Boeing Co. moved its Seattle corporate headquarters to Chicago. Boston-based Liberty Mutual bought Safeco Corp. And the team formerly known as the SuperSonics packed its bags and moved to Oklahoma.
"We're a bunch of losers
," joked Seattle economist Dick Conway.