FDIC crashes WaMu’s birthday bash

[Joelle]

FDIC crashes WaMu's birthday bash
      

It was WaMu’s 119th birthday on Thursday.
The thrift’s predecessor was incorporated on Sept. 25, 1889, “to offer its stockholders a safe and profitable vehicle for investing and lending.” This helped Seattle residents rebuild after a fire torched the city’s downtown.
The government’s choice of the day to seize the thrift, which became the largest U.S. bank [...]
         

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