Congressional hearings on the WMB FDIC JPM thing is a MUST in my book. The title could be: What happened to our largest savings in loan?
Was Washington Mutual Bank actually rife with unmanageable debt to the degree that it had, i.e. circumstances demanded, that it be seized? If so what were those circumstances and how can we avoid those in the future? This is all for the best interest of JPM and the FDIC, after all! If JPM is treated like the favored buyer, we might as well protect them from such harsh and unnecessary mergers in the future or they will never trust the FDIC again! Then what will happen when the FDIC has to sell another large banking institution? We better iron this all out before congress. Yep.
News 
Market Data 
Discover 
