DO 08-36 - FDIC Appointed as Receiver - Washington Mutual Bank - Henderson, NV - PDF File of Receivership letter at OTS Website

————

Highlights of JPMorgan’s purchase of WaMu’s bank unit - Los Angeles Times

————

WaMu is largest U.S. bank failure - Elinor Comlay and Jonathan Stempel - Reuters

————

JPMorgan Buys WaMu Bank Business as Thrift Seized (Update3) - Ari Levy and Elizabeth Hester - Bloomberg

————

CAPITOL WAMU-VE - UNCLE SAM BROKERS DEAL FOR JPMORGAN TO BUY THRIFT - ZACHERY KOUWE - JPMorgan Chase boss Jamie Dimon scored again last night, buying beleaguered thrift Washington Mutual for $1.9 billion in a government-orchestrated takeover of what is the largest banking failure in US history.   The takeover will completely wipe out WaMu’s shareholders and bondholders, including nearly $1.35 billion held by private-equity giant TPG Capital.  -  NY Post

————

This includes comments about WaMu: 

In this issue of The Institutional Risk Analyst, we discuss why the FDIC will not run out of money or require a taxpayer-funded bailout.  Then we outline an alternative to the Paulson plan that requires little or no public subsidy.  - by Chris Whalen

ALSO:

Welcome to our newest bank -  RAYMOND JAMES TO BECOME HOLDING CO. - MARK DeCAMBRE - Regional investment bank Raymond James Financial is taking a page out of Morgan Stanley and Goldman Sachs’ book - NY Post