Daily Archives: 2008/09/28

2008/09/28

WaMu Handed To JP Morgan On a Silver Platter

The FDIC [ Federal Deposit Insurance Corporation] seized WaMu ,  the nation’s largest Savings & Loan who had been hit hard by bad mortgages , and sold it to JP Morgan for $1.9 Billion USD Cash and assumption of $31Billion in Bad Loan Debts … Continue reading →

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