(via Atrios:Eated and Pooped)
Sept. 25 (Bloomberg) -- JPMorgan Chase & Co., the third- biggest U.S. bank by assets, agreed to pay $1.9 billion for the deposits of Washington Mutual Inc. after the thrift was seized by regulators in the biggest bank failure in U.S. history.
The U.S. government closed Seattle-based Washington Mutual amid customer withdrawals of $16.7 billion since Sept. 15, the Office of Thrift Supervision said in a statement. WaMu had ``insufficient liquidity'' and was in an ``unsound'' condition, the OTS said.
Seriously, WAMU was so reckless,... How reckless were they?
so reckless, they gave me a credit card....
I wonder if I still have to make my monthly payment? If they have been seized by the FED, don't I own a share?, and can't I work out some sort of payment plan???
