WaMu

WaMu -- free checking -- no fees !!

OPPS!! NO MORE WAMU

like a dripping faucet drip drip drip drip --soon it may turn into a flood

la bod better have some contingency plans ready for a lot of member fee defaults -- it could be just around the corner -- like january

#116

BAD DAY !!!!!

TOUGH TIMES ????

the weekend is over -- it's monday and now 2 of the biggest financial institutions in the country have gone under -- lehmans and merril are gone joining bear sterns -- fannie and freddie are in receivership of the usa government-- aig is near death -- should be gone by next weekend - wamu and wachovia right behind them -- the usa financial market is having the worst time since the '29 market crash -- it has already attained a larger $ loss than '29 -- things are deteriorating and collapsing very quickly --

why is this important to la????-- well i believe la may have the worst financial emergency since la was created -- the dues receivables could very well be a disaster by spring -- there may not be enuf $ to pay for la --this bod needs to seriously begin to figure out how to operate la with a lot less income -- they need an emergency plan to be able to cut costs at la -- that will mean making tough decisions like what and where to cut -- operational schedules, payroll, discretionary spending, capital improvements and any other area where costs can be contained -- if they don't start planning now and begin to understand what they will do if la gets in trouble then if that happens then the board will be derelict in their duties and should resign en mass-- i have very little confidence -- in this bod -- many are incompetent and arrogant and i doubt they even understand the magnitude of what la could be facing-- the members may very well need to be ready to act in case the la bod fails in protecting la and the members interest -- over this winter we members need to keep an eye on them to protect our interests -- i will report about any actions that bod implements-- but don't put too much hope into that to happen with this bod--i would like to know what others feel about this issue and what you think could be done if la gets into financial trouble-- post a comment or email me at lachipper@gmail.com