U.S. Forces WaMu Sale As Bank Founders
source: http://www.washingtonpost.com/wp-dyn/content/article/2008/09/25/AR2008092503710.html?wpisrc=...
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- starr111
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Federal regulators last night seized the massive, troubled mortgage lender Washington Mutual in the largest bank failure in U.S. history, then immediately sold much of the company to J.P. Morgan Chase for $1.9 billion in a deal that will create the largest bank in the country.
