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Among the highest bishops of banking, Jamie Dimon sounds like a heretic. He insists that no financial institution is too big to fail--not even his giant JPMorgan Chase, the largest bank in the U.S. by market capitalization ($168 billion). Full Article at Forbes
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One bank overseer, the Federal Deposit Insurance Corp. , used to have a program qualifying supposedly stronger banks for reduced scrutiny. Full Article at The Money Times
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A Bank of America sign is shown with the Texas State Fair Ferris wheel in the background in Dallas in this photo taken Monday, Aug. 3, 2009. The neighborhood of small, frame houses, is 98 percent black. Half the people who live there are poor. View Photo »
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Anytime we have a bank closure, people get alarmed so it's bad for the industry, but it's also an opportunity ... When Washington Mutual closed we took on a lot of new clients.
SOURCE: The Columbian -
Two Romanian men pleaded guilty to "skimming" nearly $200,000 from Atlanta area Washington Mutual ATMs. Full Article at Atlanta Journal Constitution
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Washington Mutual alledgedly enabled a nearly $200 million Ponzi scheme, and now JPMorgan Chase has to deal with the victims' lawsuit. Full Article at The Business Insider
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A few years ago, when we first began this journey together, we warned that the U.S. government was leading us to a future banking panic. We warned about the housing bubble that was about to burst. Full Article at iStockAnalyst
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A man uses an ATM machine at a Chase bank, which was formerly a Washington Mutual branch office in Burbank, California March 30, 2009 which features new Chase signage. View Photo »
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They were in a position because of their strong financials to capitalize on unsettled developments in financial markets ... They were able to acquire Bear Stearns and Washington Mutual's banking operations.
SOURCE: Investor's Business Daily -
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Washington: United Commercial Bank, a big San Francisco bank with branches in China, was closed by state regulators on Friday and its banking operations were acquired by East West Bancorp Inc, also active in both nations. Full Article at DNA India
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In the current jobless recovery, people are running out of unemployment benefits before they find job openings. Some may look to starting a small business of their own, but who would loan them money without a track record? Full Article at The Seattle Times
About Washington Mutual, Inc.
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