Independent Intellect
A New Yorker observing the world.
Friday, September 26, 2008
WaMu Seized, Sold to J.P. Morgan
Largest Failure in U.S. Banking History
Morgan Chase took over Bear Stearns, and now takes over WaMu. What a behemoth! Chase was Chase Manhattan, and had swallowed Chemical Bank, itself having swallowed Manufacturers Hanover.
No comments:
Post a Comment
Newer Post
Older Post
Home
Subscribe to:
Post Comments (Atom)
Pages
Home
Experimenting
No comments:
Post a Comment