Please help and ex-pat. What happened at the debates and what is the Freeper response?

[Suji to Seoul]

Please give me good news.

My parents' mortgage was with WaMu and they are crapping their pants right now.

[chknltl]

1. Obama did damn good...McCain didn't fare so well

Most polls have Obama winning by double digits, many polls have him winning by a 2 to 1 margin. I'll let others explain better. Here is something I sent my step kid who has his savings account at WAMU, if your parants haven't yet gotten this (reassuring/good news) info, please pass it along:

How the Washington Mutual Takeover Will Affect Consumers
September 26, 2008 11:06 AM ET | Emily Brandon | Permanent Link
The government seized banking giant Washington Mutual last night and then sold some pieces of it to JPMorgan Chase for approximately $1.9 billion. Here is how this will affect former Washington Mutual consumers:What will happen to my bank account?
If you had an account with Washington Mutual Bank yesterday, you now have an account with JPMorgan Chase Bank. All deposit accounts, including savings, checking, money market, and retirement accounts and certificates of deposit, have been transferred to JPMorgan Chase Bank. No depositor has lost any money, even if it was above FDIC insurance limits. Direct deposits and Social Security checks will continue as normal.Can I get access to my money today?
Your debit card and bill-paying services will continue to work. You can still use the checks you have now, and checks already written that did not clear before the institution closed will be honored if there are sufficient funds in the account. Local branches will be open as usual. "For bank customers, it will be a seamless transition," FDIC Chairman Sheila Bair said in a statement. "There will be no interruption in services, and bank customers should expect business as usual come Friday morning."What about my loan or mortgage?
All Washington Mutual loans have been assumed by JPMorgan Chase Bank. Payment amounts and due dates will not change, and automatic payments will still work. Customers should continue to make checks out to Washington Mutual Bank.Will my interest rate change?
Interest on deposits accrued through Sept. 25, 2008, will be paid at the previously stated rate. JPMorgan Chase Bank will be reviewing rates and will provide customers with information at a later date.What if I already have an account with JPMorgan Chase and the combined balance will put me over the FDIC insurance limit?
Your transferred deposits will be separately insured from any accounts you may already have at JPMorgan Chase Bank for six months.CDs from Washington Mutual are separately insured until the earliest maturity date after the end of the six-month grace period. If a CD matures during the six-month period and is renewed for the same term and in the same dollar amount, it will continue to be separately insured until the first maturity date after the six-month period. If a CD matures during the six-month grace period and is renewed on any other basis, it would be separately insured only until the end of the six-month grace period.What if I have other questions about the transition?
Customers can call a Washington Mutual banking representative at 1-800-788-7000 or the FDIC Call Center at 1-877-275-3342 with questions. You can calculate your FDIC insurance coverage for each FDIC-insured bank where you have deposit accounts using this calculator.
Tags: FDIC | consumer confidence | Wall Street | banking

[ck4829]

2. Freepers say McCain was sabotaged (No joke)

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=4102778&mesg_id=4102778

[EmeraldCityGrl]

3. Jim Lehrer was an awful moderator. In retrospect, McCain's arrogance, smirking,

constant harping on military might over diplomacy are old stale approaches.

McCain also proved again he has no idea of the financial challenges American's
are juggling.

I also thought his comparison of Vietnam and Iraq, "this time we will come home victorious."
( loosely quoted ) conjured up years and years of war in Iraq. McCain made it very clear
last night he is warmonger.

[lelgt60]

4. Tell your parents not to worry about their mortgage at wamu

Mortgages don't disappear or change when the bank that wrote them fails (actually, in this case, part of the problem). Depositors are the ones who have to worry. And, very probably, it's only people with deposits over $100,000 at wamu that have to worry. Make sure they keep paying it.

While wamu did fail, they are now owned by JP Morgan, both deposits and mortgages. My son has his bank account at wamu in Los Angeles. He went there yesterday. He said it was business as usual.

Interestingly, this is the way it's supposed to happen. A bank fails. It's taken over by another healthier bank, which pays the taxpayers 1.9 billion. The new bank gets depositors, branch buildings, etc.