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

No comments:

7-10-2026

Utility boss warns US faces blackouts due to power supply shortfall   Trump fires all Election Assistance Commission members, leaving agency...