FYInance

Posts Tagged ‘conspiracy’

Washington Mutual Shareholders were wiped out when the FDIC seized the bank on it’s 119th birthday. The bank was virtually raffled off to JP Morgan for measly 1.9 billion dollars. That includes 0 billion dollars in assets as well as all bank branches and their properties. The FDIC handed the WaMu over to JP Morgan, who in turn gave the FDIC WaMus NYC banks. That’s right, the people in charge of insuring and seizing failed banks can now zeize a bank and take over their branches without …

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