Friday, October 10, 2008
Attack of the Zombie Bank
If Washington Mutual Bank ('WaMu') went belly up a week or two ago, why did I just get an offer in the mail for a WaMu Platinum MasterCard with 0% fixed APR until January 1, 2010, no annual fee, a credit line of "up to" $7,500, and a choice of 5 card colors? Is WaMu "dead, but too dumb to lie down", as the old saying goes? Or is this some living bank with a similar name and too little sense to change it? I'm certainly not dumb enough to fill in this particular application, even if I needed such a card, which I don't.
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1 comment:
I imagine it's because the contract with the mailing company to make and send those was signed and paid well before they went bankrupt/got acquired/whatever.
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