This is unfortunate, but it should serve as a wake up call to all American investors. If you want to protect your money, you need to diversify and invest at least some of it overseas. These are hard times for American investing firms. I personally use offshore bank accounts and they have helped me with diversification and asset protection. If you want to read more on why offshore investing is smarter, feel free to visit my website.

Best,
Frank Miller
http://www.theoffshorebankaccount.com

How can the WAMU board possibly justify paying Kellenger $22 million after he was fired two weeks ago and now has cost his employees and shareholders everything? Think of the teller who has been there for 20 years now not having a retirement. Maybe he or she can spend a weekend at Kellenger's mansion.

Kellenger should not get a dime! The WAMU board is giving themselves money at the expense of the shareholders and the creditors. Why is the securities and exchange commission doing NOTHING about this and the other executives of the failed finacials that are reaping huge amounts of money after leading their companies into ruin?

Let's call it what it is, CRIMINAL and demand that SEC go after these CRIMINALS, Fine them, and put them in prison. Most of the problem is the GREED and SELFISHNESS of the leadership of these companies. It's long past time to hold them ACCOUNTABLE.