Friday, September 26, 2008
WaMu Becomes Biggest Bank to Fail in U.S. History
As the debate over a $700 billion bank bailout rages on in Washington, one of the nation's largest banks - Washington Mutual Inc. - has collapsed under the weight of its enormous bad bets on the mortgage market.
The Federal Deposit Insurance Corp. seized WaMu on Thursday, and then sold the thrift's banking assets to JPMorgan Chase & Co. for $1.9 billion.
WaMu Becomes Biggest Bank to Fail in U.S. History
Source: Salt Lake Tribune
The Federal Deposit Insurance Corp. seized WaMu on Thursday, and then sold the thrift's banking assets to JPMorgan Chase & Co. for $1.9 billion.
WaMu Becomes Biggest Bank to Fail in U.S. History
Source: Salt Lake Tribune
Permalink posted by armandn @ 7:35 AM 
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