Archive for 25 September 2008

R.I.P. Washington Mutual

Posted 25 September 2008 by
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Fairly beloved, we gather here to say our good-byes. In the biggest bank failure in US history, Washington Mutual crumbles. Her assets will be acquired by JPMorgan for 1.9 billion dollars. Wow. Don’t fret, though. Before you rush to withdraw funds, read this. Via CNN: Federal regulators, who helped shepherd the deal, stressed that the [...]