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Daily Archive for September 26th, 2008

The Subprime Primer
H/T to Just One Minute.
Heart

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The Washington Mutual Tower in Seattle
I just can’t get over it.
Washington Mutual, WaMu, the Seattle-based thrift that became a national powerhouse, has failed. 
Since September 16, customers have withdrawn $16.7 BILLION dollars, leaving the bank weaving so precariously that Thursday, federal regulators pronounced it ”unsound” and took it over, even though Friday is normally the day they’d have taken [...]

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