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Thursday, September 25, 2008
WaMu Just Failed, Seized by FDIC sold Off
CNN's reporting that WaMu just failed. It was seized by the FDIC. The FDIC sold off the company/assets to JP Morgan Chase.
They are reporting that all deposits in WaMu including those over $100k are safe. Shareholders in WaMu just lost all value remaining in the company.
Separately, the meeting at the White House tonight failed again with House Republicans very unhappy, a new meeting scheduled without House Republicans is set for 11:30 am.
Mobile post sent by brettbum using Utterli. Replies.They are reporting that all deposits in WaMu including those over $100k are safe. Shareholders in WaMu just lost all value remaining in the company.
Separately, the meeting at the White House tonight failed again with House Republicans very unhappy, a new meeting scheduled without House Republicans is set for 11:30 am.
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