WaMu becomes biggest bank to fail in US history

Sep 25, 2008 23:04

i can only shake my head at self-fulfilling prophecy.

Washington Mutual's banking operations have been acquired by JPMorgan after federal regulators seized the bank following 10 days during which nervous depositors withdrew nearly $17 billion.

The Office of Thrift Supervision said in a statement late Thursday that depositors in the nation's sixth-largest bank withdrew more than $16 billion between Sept. 15 and Sept. 24. The deposits JP Morgan is acquiring total $134.7 billion. seattle times

thank you for contributing to the failure of the bank through withdrawing the money which kept it in a stronger position.

yes, this happens to be the bank which holds the majority of my funds. i currently have $3 in cash in my wallet.

some people are idiots.

idiots

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