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- Stock symbol: WM
- Annual revenue (2007): $15.962 billion
- Year Established: 1889
- Industry: Finance and Insurance
- Phone: (206) 461-2000
- HQ: Seattle, Washinton
- President: Stephen J. Rotella
- CEO: Kerry Killinger
- CFO: Thomas W. Casey
- Staff: 60,798
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In September 2008, rumors mounted that Washington Mutual, the largest U.S. savings and loan, was facing either bankruptcy or a buyout.Newsday.com: Investors, analysts mixed on Washington Mutual (September 13, 2008) Such speculation included reports that JP Morgan Chase was in talks to buy WaMu.Washington Mutual: Clock's Ticking for AIG, WaMu (September 15, 2008) In the previous year, WaMu had closed 160 home loan offices in response to the subprime mortgage crisis.
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Black September
Questions about WaMu's stability emerged during a month that saw a chain of negative economic stories. Such events included the government bailout of Fannie May and Freddie Mac, Lehman Brothers' bankruptcy filing, and the a precipitous September 15 drop of the Dow Jones Industrial Average.
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Washington Mutual Bankruptcy Questions
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What is a prearranged bankruptcy? 1 AnswerFrom a Tri-City Herald article on Charter: In a prearranged bankruptcy, a company enters into reorganization with a plan to emerge that has the approval of majo... read more -
How is life in Iceland after the bankruptcy? 1 AnswerI read from the paper that it's a great time to travel there these days; most of the hotels, etc are 50% cheaper than usual. read more -
How do you find current bankruptcies online? 1 AnswerBankruptcy records are public information and can be found by a number of means. The best way is to contact the local/federal bankruptcy court that would be han... read more -
Will GM be able to avoid Bankruptcy? 2 AnswersI don't see how they will avoid bankruptcy with all the pensions they pay to their retired, and with all the new laws on mpg. Their best-selling vehicles will h... read more
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On Twitter Powered by Twitter
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A federal bankruptcy judge is expected to rule soon on who owns about $4 billion claimed by both JPMorgan Chase and Washington Mutual Inc.
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A federal bankruptcy judge is expected to rule soon on who owns about $4 billion claimed by both JPMorgan Chase and Washington Mutual Inc.
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Washington Mutual Makeout Bankruptcy for JP Morgan Bank http://bit.ly/8uqN3n
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A federal bankruptcy judge is expected to rule soon on who owns about $4 billion claimed by both JPMorgan Chase and Washington Mutual Inc.
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A federal bankruptcy judge is expected to rule soon on who owns about $4 billion claimed by both JPMorgan Chase and Washington Mutual Inc.
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