26
Sep
Washington Mutual seized … Assets Sold
JPMorgan Chase jumps in to buy $1.9 billion in assets from the government. The bank's failure is the worst in US history and the 13th such failure this year.
The Office of Thrift Supervision said on its Web site: "With insufficient liquidity to meet its obligations, WaMu was in an unsafe and unsound condition to transact business." San Diego California home listings