Goodbye WaMu, Hello to our newest bank holding company

September 26th, 2008 · No Comments


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


Welcome to our newest bankRAYMOND 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

Tags: Commentary · Government · Mortgage Market

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