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Washington Mutual Fails - Biggest Ever Bank To Fail

posted September 26, 2008 - 6:04am
Washington Mutual Fails - Biggest Ever Bank To Fail

One of the largest bank in the US Washington Mutual has collapsed. The Fed seized Washington Mutual on Thursday, and has sold the banking assets to JPMorgan Chase. Read the full story at the link below


Website: http://www.foxnews.com/story/0,2933,428264,00.html
Author: taprial
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The Fed helping their own founders

Rycharde Manne - Fri, 2008-26-9 7:28 am
By selling the banking assets to JP Morgan (one of the original banks to found the Federal Reserve) they have saved the FDIC from more losses, and no doubt JP got a very good price. http://www.xomba.com/federal_reserve_insolvent http://www.xomba.com/solution_federal_reserve_thiefdom_exists Money for your Thoughts - join now Epi-BV

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