Friday, September 26, 2008

JP Morgan Snarfs Up Best Parts of Washington Mutual

In other words they're getting the retail branching part with the deposits (it takes a special sort of genius to lose money on deposits, so probably this is a nice clean largely unencumbered part of the business), while the toxic waste from their bad loans and investment decisions gets dumped on the government.

read more | digg story

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11-5-2024

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