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IPFS News Link • Economy - Economics USA

WaMu is largest U.S. bank failure

9-25-2008 • Reuters

Washington Mutual Inc was closed by the U.S. government in by far the largest failure of a U.S. bank [and they didn't wait until Friday], and its banking assets were sold to JPMorgan Chase & Co for $1.9 billion. [Pressuring CONgress?]

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Reported By Powell Gammill

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WaMu is largest U.S. bank failure

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