Washington Mutual THE largest bank in the U.S. of A has bottomed out! It's about knee deep now, and after the President's 12 minute address to the nation Wednesday night basically pleading for Congress to make it rain a trillion dollars, there is still no deal. The Feds have arranged a deal for JP Morgan Chase to acquire deposits and banks. Word is WaMu had over $300 billion in net assets. On September 17, 2008, it was announced that Washington Mutual had put itself up for sale.
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