WaMu Submits to the Credit Crisis
Late Thursday 9/25/08 the West Coast King WaMu fell victim to the plague better known as the Credit Crisis. The fall of WaMu marks the Largest Bank Failure in U.S. History. WaMu’s assets, deposits and some liabilities were acquired by J.P. Morgan Chase. If you held accounts at WaMu individual accounts are insured up to $100,000 by the Federal Deposit Insurance Corp.
No related posts.
