Washington Mutual- another one bites the dust

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"Washington Mutual, the giant lender that came to symbolize the excesses of the mortgage boom, was seized by federal regulators on Thursday night in an 11th-hour bid to prevent the largest bank failure in American history. Regulators simultaneously brokered an emergency sale of virtually all of Washington Mutual to JPMorgan Chase. The remainder of WaMu, the nation's largest savings and loan, will be operated by the government. Shareholders and some bondholders will be wiped out." My fellow Americans and worldly friends, we are watching history unfold before us. I am sure people will be doing bank runs soon.