For the Senate Permanent Subcommittee on Investigations, it is WaMu week.
Tomorrow, the subcommittee will release more than 500 documents on Washington Mutual, the $300 billion bank that helped fuel the subprime bubble and then collapsed in the biggest bank failure in U.S. history. It will also hold a More…
Once again, the Federal Deposit Insurance Corp. shut down a bank late Friday afternoon, meaning that news was mostly missed until today. It’s Alpharatta, Ga.-based Alpha Bank and Trust, a small community banking outfit, Housing Wire reports. It’s the 16th bank failure so far this year.
The reality that More…
As if there weren’t enough news going on already, Washington Mutual goes belly up in the largest bank failure in U.S. history, and JP Morgan Chase buys up all its pieces.
WaMu was one of the more notorious subprime lenders – remember this pool of WaMu Alt-A loans More…
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