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Washington Mutual - from the largest savings and loans bank to another name on the list of Sept 08 foreclosures.

I think this is the largest collapse of a US bank ever. Apparently, withdrawals of concerned customers in the last 10 days topped $16B!

And guess who's helping the Gov and buying the deposits and the branches? you guessed right, it is the new white knite: JPM

Since 2003 WM market cap was ±$100B. The banji jump started about a year ago, apparently without a leash: JPM will get it for under $2B...



So who's next?