Next U.S bank on the chopping block: Washington Mutual

See here: Washington Mutual Is Said to Consider Sale – NYTimes.com

You can also see who the players are that are in a position of strength: Wells Fargo, JP Morgan Chase. In fact, the nytimes has a great graphic here that shows the major financial companies and who is/was in trouble. (It’s alot!)

How much has been lost in the last year? Only 4 trillion, give or take a few billion.

4 responses to “Next U.S bank on the chopping block: Washington Mutual

  1. Update. According to http://www.nytimes.com/2008/09/26/business/26wamu.html?hp it’s gone. Buyer: JP Morgan Chase.

    The meltdown continues….

  2. How about Wachovia … bought out by Citigroup.

    I hope Citigroup is solid, as Citibank is my bank in Japan where I have millions of Yen stashed … I keep wishing 1 Yen = 1 US$ 🙂

  3. Yes, geez, I can’t keep up with the collapsing banks! I haven’t even gotten around to those in the UK or likely other places. France? Japan? China?

    I hear European banks weren’t as exposed as US banks to the subprime debacle, but eventually, all boats lower with the tide, and the tide IS going down.

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