Thursday, September 25, 2008


From the WSJ:

In what is by far the largest bank failure in U.S. history, federal regulators seized Washington Mutual Inc. and struck a deal to sell the bulk of its operations to J.P. Morgan Chase & Co.

And to think, the nice man who I had to talk to get my money out of WaMu last week assured me that nothing was wrong.

Capitalism! Fuck yeah!


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