Whoo hoo is probably not the best way to express the present sentiments of Washington Mutual's customers and employees. The troubled bank has been looking for a buyer all week and there's a possibility that WaMu could go under [1].

If your accounts with WaMu are worth less than $100,000 than the FDIC will insure that you don't lose a cent, so transferring your money to another bank wouldn't do much to protect your cash further. Do you bank with Washington Mutual?

Source [2]