FDIC to Seize WaMu and Sell Deposits to JPMorgan By Anne W
Thu Sep 25, 2008 at 05:32:41 PM PDT FDIC to Seize WaMu and Sell Deposits to JPMorgan As I shared here a couple of weeks ago, the FDIC has moved tonight to seize Washington Mutual. The FDIC has arranged a sale of the 2239 branches and their deposits to JP Morgan Chase. The FDIC does not believe any FDIC funds will be necessary. Welcome to JP Morgan Chase!
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Posted by WAMUQD on Yahoo!
It's up on youtube now. Lets remind people that prior to the propaganda machine being flipped on, CNBC was already asking questions before they had many, if any facts.
It only took me all night to figure out how to get a copy of the video. CNBC is such a pain in the butt when it comes to downloading their reports.