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Washington Mutual, Inc. (abbreviated to WaMu) (Pink Sheets: WAMUQ) is a savings bank holding company and the former owner of Washington Mutual Bank, which was the United States' largest savings and loan association. Full Article
Todd Kaufman visits a house he is renovating for resale in Thousand Oaks, California in this September 22, 2009 file photo.
View Photo »Todd Kaufman visits a house he is renovating for resale in Thousand Oaks, California in this September 22, 2009 file photo.
View Photo »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 »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 »Employees unveil a new sign for one of Chase's new 708 bank branches Monday, March 30, 2009, in Los Angeles, Calif. The branches were obtained by parent company JPMorgan Chase which acquired Washington Mutual's banking operations in September 2008. Photo/John Hayes.
View Photo »In this Dec. 1, 2008 file photo, a teller assists a customer in a Washington Mutual bank branch inside the corporate headquarters in downtown Seattle Monday, Dec. 1, 2008.
View Photo »Todd Kaufman visits a house he is renovating for resale in Thousand Oaks, California in this September 22, 2009 file photo.
View Photo »In 1993, we were talking about the uninsured as ‘them.’ Now it turns out this is for us. When a bank like Washington Mutual in Seattle lays off 3,000 people, they lose health insurance. Millions of people with insurance are asking, ‘What if I lose my job?’
After numerous calls and a lot of grief from PNC, I was told their mortgages were sold to Washington Mutual, and WaMu said they just sold everything to Chase ... I have faxed and e-mailed all documentation I had and have gotten nowhere.
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.
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.
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