by Byrne Hobart
While employees of the former Washington Mutual and Wachovia are busy fixing embarrassingly apt broken signs and fairly awkward ads, their depositors are wondering: what next? Although their deposits are protected by the FDIC, many people would just prefer not to be a customer of JP Morgan Chase or Citigroup — they want their old bank back!
I can’t offer that, but I can offer a few tips on choosing a new bank:
- Try to find someone a little less trendy. Wachovia bought one of the biggest providers of adjustable rate mortgages, at the peak of the property boom. And WaMu cleverly reasoned that, at a time when people are beginning to mistrust big financial institutions, and to