Having Fun with the Banks in Crisis

What is it about October that attracts crashes?

Rather than contemplate that question, I’m writing this post.

Yesterday morning while stopped at a red light, I watched a bus make a turn. I chuckled to myself because the bus was wrapped in an ad for Wachovia, about world savings accounts or something. When the bus turned toward me, though, I began guffawing. The bus’ destination? Not in Service.

I am now an account holder of JP Morgan Chase that swallowed Washington Mutual. Here is my response to that takeover:

JP Morgan Chase (Not Washington Mutual)

My bank is Chase was Washington Mutual
Now it’s Morgan Chase, not Washington Mutual
Been a short time gone, Washington Mutual
Now it’s a stockbroker’s fright on an autumn night

Every check from Washington Mutual
Belongs to Chase, not Washington Mutual
So if you’ve a debt with Washington Mutual
It’ll be paid to JP Morgan Chase

Even JP Morgan Chase was once two different banks
Why they changed it I can’t say
Maybe they made more money that way

So take my cash to Washington Mutual
No, you cannot bank with Washington Mutual
Been a short time gone, Washington Mutual

Why did Washington Mutual get the works
That’s nobody’s business but the Fed

JP Morgan Chase (Was WaMu)
JP Morgan Chase (Was WaMu)

Even JP Morgan Chase was once two different banks
Why they changed it I can’t say
Maybe they made more money that way

My bank is Chase, was Washington Mutual
Now it’s Morgan Chase, not Washington Mutual
Been a short time gone, Washington Mutual
Why did Washington Mutual get the works
That’s nobody’s business but the Fed

JP Morgan Chase (Was WaMu)

For information on the original song, see Wikipedia; for the original lyrics go here.