Just Reported

[praetorian]

The FDIC to seize control of Washington Mutual and sell part of its assets to JP Morgan INC. Serious stuff there are WaMu is the nations largest saving and thrift business.

[58036116]

Linkie poo for article on CNN (http://traceurl.com/rdS?r=2313&l=22)

Not that this should be a surprise. It's been on the web for sometime now that Wamu was heading down the shitter...

Two quick links:

Wednesday, July 23, 2008
Death Spiral Financing at WaMu, Merrill Lynch, Citigroup (http://globaleconomicanalysis.blogspot.com/2008/07/death-spiral-financing-at-wamu-merrill.html)

Sunday, August 31, 2008
Desperation at WaMu Puts Taxpayers at Risk (http://globaleconomicanalysis.blogspot.com/2008/08/desperation-at-wamu-puts-taxpayers-at.html)

[ak474u]

I don't know if yall have seen the commercials but......... Wa Hoo?

[chicom]

House of cards in a stiff wind.

[FISTER]

They are now blaming consumer panic for the fall of WAMU ....