Posts Tagged ‘downfall of WaMu’
Biggest Bank to Fail in US History
Tuesday, September 30, 2008 9:07 No CommentsThe Seattle-based Washington Mutual Inc. (WaMu) was founded in 1889. It was one of the nation’s largest banks.
Now, it become the largest bank to fail by far in US history after it collapsed under the weight of its enormous bad bets on the mortgage market, as the debate over a $700 billion bank bailout rages [...]
