Might have to get real jobs

[Common Sense Al]

Looks like WaMu is no more. Feds took control Thursday and sold them to JP Morgan Chase.

http://www.bloomberg.com/apps/news?pid= ... refer=home

Wow... biggest bank to fail in history.

Seattle-based WaMu, which was founded in 1889, is the largest bank to fail by far in the country's history. Its $307 billion in assets eclipse the $40 billion of Continental Illinois National Bank, which failed in 1984, and the $32 billion of IndyMac, which the government seized in July.

[skiing1974]

maybe it wasn't the biggest afterall

[Common Sense Al]

maybe it wasn't the biggest afterall

[skiing1974]

what I meant is, if in calculating which bank was the "biggest" they included this risk to fail afctor, WaMu clearly wouldn't have been the biggest.

[Common Sense Al]

what I meant is, if in calculating which bank was the "biggest" they included this risk to fail afctor, WaMu clearly wouldn't have been the biggest.

Well, I still don't understand... I believe it is the biggest based on assets.

[L-Dog]

Looks like WaMu is no more. Feds took control Thursday and sold them to JP Morgan Chase.

6 to 8 months ago, one of the business banking people at the local Chase branch told me Chase was going to buy WaMu. In retrospect, looks like Chase waited to see how cheap they could get them and that wait paid off in spades...