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Government Seizes WaMu and Sells Some Assets - NYTimes.com

by karlcow

Washington Mutual, with $307 billion in assets, is by far the biggest bank failure in history, eclipsing the 1984 failure of Continental Illinois National Bank and Trust in Chicago, an event that presaged the savings and loan crisis. IndyMac, which was seized by regulators in July, was one-tenth the size of WaMu.

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karlcow
the 26/09/2008 at 04:38