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WASHINGTONMUTUAL/
RTX8YB1
September 26, 2008
A Washington Mutual Bank (WaMu) is shown here in Solana Beach, California September 26, 2008.Washington...
Solana Beach, UNITED STATES
A Washington Mutual Bank (WaMu) is shown here in Solana Beach
A Washington Mutual Bank (WaMu) is shown here in Solana Beach, California September 26, 2008.Washington Mutual Inc was closed by the U.S. government in by far the largest failure of a U.S. bank, and its banking assets were sold to JPMorgan Chase & Co for $1.9 billion. Thursday's seizure and sale is the latest historic step in U.S. government attempts to clean up a banking industry littered with toxic mortgage debt. Negotiations over a $700 billion bailout of the entire financial system stalled in Washington on Thursday. REUTERS/Mike Blake (UNITED STATES)
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