Goodbye Washington Mutual, hello JPMorgan Chase. Looks like WaMu suffered the same problem that Northern Rock did in England. All the sheeple started pulling their savings out last week. Last night, after $17bn walked off in 4 days, WaMu finally collapsed and was soaked up by JPMorgan Chase.
This one does affect us - I guess sooner or later, if you have money in a bank or a loan anywhere, this wholesale banking collapse will affect you.
But I'm sure somewhere, CEOs are making billions in bonuses for being so clever.


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