Why did the government broker the sale of WaMu to JPMorgan Chase rather than let the usual FDIC process play out?
Survey of economics Discussions Part 1: Read the article by the Wall Street Journal: WaMu Is Seized, Sold Off to J.P. Morgan, In Largest Failure in U.S. Banking History. Before the height of the financial crisis in 2007-2008, then general sense was that the issues were contained to certain firms with “bad luck”. This seems […]
