Government Seizes Washington Mutual: WaMU to you, JP Morgan!
Late Thursday night, the federal government seized WaMu, Washington Mutual in one of the largest bank failures in American History. Except for… possibly, JP Morgan Chase, now the largest purchaser of subprime institutional bank failures, behind Bank of America with Countrywide. With so many purchase/merger/firesales in such a short time, Federal Officials are becoming worried [...]
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