Why should I, an ordinary Amerikan, be concerned about the seizure and sale of Washington Mutual.
I'll tell you why.
Most of those assets were sold to JPMorgan Chase. A very large and powerful banking institution. If you don't know what I'm talking about than check out the following:
In the news:
JPMorgan Buys WaMu Deposits as Regulators Seize Failed Thrift
Government seizes Washington Mutual, sells most to JP Morgan Chase
Once Again, JPMorgan Mops Up The Mess
Learn more about why this is a big deal: