Wamu Collapse

Great Reporting of a Sad Story

Jim Randel | Posted 01.28.2009 | Business

Read More: Financial Crisis, Housing Market, Housing Slump, Economy, Housing Crisis, WaMu Collapse, Washington Mutual, Housing Boom, New York Times, Wamu, Business News
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.

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The New Meaning Of Diversification

Ron Galloway | Posted 11.06.2008 | Business

Read More: Steve Jobs, Investing, Merrill Lynch, Aig, Lehman Brothers, Economy, Stock Market, Economic Crisis, Bill Gates, Yahoo, WaMu Collapse, Stock Market Crash, Broadcast.com, Diversification, Warren Buffett, Wachovia, Financial Diversification, Financial Advisors, Business News
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.

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You Really Believe We're the Priority?

Neil Grossman | Posted 10.29.2008 | Business

Read More: Banking, Finance, Economics, Politics, Economy, JP Morgan, WaMu Collapse, Wall Street Crisis, Business News
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.

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Eighty Percent Of Washington Mutual Chicago Branches Could Close: Report

Crain's Chicago Business | Ann R. Weiler, Alby Gallun and Lorene Yue | Posted 10.27.2008 | Chicago

Read More: JP Morgan Chase, Finance, Washington Mutual, Banks, Washington Mutual Collapse, Wamu, WaMu ATMs, Fdic, WaMu Chicago Branches, WaMu Chicago, WaMu Chase, Wall Street Crisis, Washington Mutual Chicago, WaMu Collapse, Personal Finance, Economy, Chicago News

"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...

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Chase Buys Washington Mutual: Fewer Chicago Branches?

Chicago Tribune | Posted 10.27.2008 | Chicago

Read More: Wamu, WaMu Chicago, WaMu Collapse, WaMu Chase, Washington Mutual, Washington Mutual Collapse, WaMu Chicago Branches, JP Morgan Chase, Finance, Banks, Washington Mutual Chicago, WaMu ATMs, Fdic, Personal Finance, Economy, Chicago News

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...

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WaMu becomes biggest bank to fail in US history

AP | MADLEN READ | Posted 10.27.2008 | Business

Read More: Economy, Finance, Banks, Washington Mutual, Personal Finance, Fdic, Washington Mutual Collapse, WaMu Collapse, Wamu, Washington Mutual Mortgages, WaMu Chase, JP Morgan Chase, Business News

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...

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