F. U. WaMu

The largest failure of any U.S. bank is now Washington Mutual, Inc. which was closed by the U.S. government on Thursday. WaMu's banking assets were then sold to JPMorgan Chase & Co. The price? $1.9 Billion! WaMu, which is the largest US savings and loans company, was one of the hardest hit by the recent financial crisis. The sale of [...]

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