WaMu Goes Down

JP Morgan buys what's left of the WaMu carcass. I hope they don't get rid of their great ads.

Although maybe those "stodgy old bankers" weren't so stupid after all. Most of them work at JP Morgan.

Feds seize WaMu in nation's largest bank failure
"Washington Mutual, just days ago the nation's biggest thrift and once its biggest mortgage lender, earned a final, notorious distinction Thursday: It became by far the biggest U.S. bank in history to fail." Drew DeSilver, Seattle Times

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