I said JP Morgan for nearly 2weeks now but no-one else fucking listend to me!! LOL Ahhh their loss when look how it turned out... http://www.elitetrader.com/vb/showthread.php?s=&threadid=136920
American banks? Wells Fargo US Bancorp For another option I hear Toronto Dominion looks fairly good too. Considering its increasing exposure it might as well be an American bank.
What the FDIC did to WAMU it can do to any BANK STOCK. If you had insurance and didn't conform to the conditions of insurance you would get canceled not have your property stolen and sold. But a bank is a member of fdic and membership rules apply. So unless the bank tells you up front of the risk its fraud. And the class action lawyers will have a interesting time ahead.