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Wamu Collapse

Great Reporting of a Sad Story

Jim Randel | Posted 05.25.2011 | Business
Jim Randel

If any citizen of this country presents a false loan application to a bank and then gets approved and the bank loses money, that applicant may well be prosecuted for bank fraud.

The New Meaning Of Diversification

Ron Galloway | Posted 05.25.2011 | Business
Ron Galloway

Like stocks, institutions go down too. Having all your money with one brokerage firm or financial advisor is foolhardy, even if they are "diversifying" your investments.

You Really Believe We're the Priority?

Neil Grossman | Posted 05.25.2011 | Business
Neil Grossman

JPMorgan ends up with the good part of Wamu for a song -- the taxpayer ends up with "Toxic Waste." Seems to me like a great deal for the taxpayer.

WaMu becomes biggest bank to fail in US history

AP | MADLEN READ | Posted 05.25.2011 | Business

NEW YORK — As the debate over a $700 billion bank bailout rages on in Washington, one of the nation's largest banks _ Washington Mutual Inc. _ h...

Eighty Percent Of Washington Mutual Chicago Branches Could Close: Report

Crain's Chicago Business | Ann R. Weiler, Alby Gallun and Lorene Yue | Posted 05.25.2011 | Chicago

"J. P. Morgan Chase & Co. is likely to shut down all but 15% to 20% of Washington Mutual Inc.'s Chicago-area branches, according to the real estate br...

Chase Buys Washington Mutual: Fewer Chicago Branches?

Chicago Tribune | Posted 05.25.2011 | Chicago

The shotgun acquisition of Washington Mutual by JPMorgan Chase & Co. to prevent the former's collapse could mean the consolidation of a number of bank...