When the washer is in the spin cycle it make a loud squeaking sound

possible bad bearing on drum

i had that problem too. i noticed that is was not flat on the ground. You can also try putting oil on it.

the make , model and year are missing but if it is a top loader unit , it indicates that the tub suspension bar motion absorbers have broken and need replacing

Bearings worn, belt loose and probably motor brushes.

Ball bearing problem

it could be a split pipe but its far more likley to be the drum bearings on the way out thats why its so loud and thats also were the water is coming from as well
not a cheep repain to get done,,,
sorry for the bad news

There are four suspension rods that the tub hangs on. When the washer is agitating the tub will rock back and forth and the rods will move back and froth as well. To fix this noise, lift up in each rod and put some lubricant in the cup that the rods fit into at the top of the washer.

Note that it is best if you use a lithium-based lubricant rather than silicone based lubricant.

For more on do-it-yourself appliance repair help visit http://www.appliance-repair-it.com/index.html

Most noises from a washing machine occur during the spin cycle. If you hear loud thumping during the spin, the load of clothes may have become unbalanced. Stop the washer and redistribute the clothes, then re-start it. Repeat these steps if necessary.This will solve your problem.

use fairy liquid it works best