Government Seizes WaMu and Sells Some Assets
September 26th, 2008 by
The government on Thursday made the largest bank seizure in American history, taking over Washington Mutual and selling pieces of it to JPMorgan Chase.
Posted in Goldman Sachs Group Incorporated|GS|NYSE, Subprime Mortgage Crisis, Washington Mutual Inc|WM|NYSE, HSBC Holdings PLC|HBC|NYSE, Wells Fargo & Co, Morgan, J P, Chase & Co, Federal Deposit Insurance Corp, Mergers, Acquisitions and Divestitures, Citigroup Incorporated|C|NYSE, Banks and Banking