NEW YORK/WASHINGTON (Reuters) - "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"
The melt down of the USA continues on the NWO Schedule. Their goal, total annihilation of the US economy, so that the US will be forced into the North American Union. Then more global law, then more control, then a total police state.
Wake up sheep. The hour is late. Still think the economy is strong John McCain?
But with the bailout, WallStreet rallied! Wow, what a bunch of vultures! But China told their banks not to loan the Nation any more money...Duh
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