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September 26, 2008

My Bank Just Went Bankrupt

That's not something you can say everyday! Washington Mutual was just seized and closed by federal regulators, and (thankfully) bought out by JPMorgan Chase. My money is apparently safe. For now.





2 comments:

Drew said...

Is the kid in the red jacket JPMorgan, and the kid in the yellow jacket WaMu?

Or perhaps red is selling subprime securities and yellow is WaMu?

Queen of the Bongo said...

http://money.cnn.com/2008/09/29/news/companies/wachovia_citigroup/?postversion=2008092913