And Another One Bites The Dust…

September 25, 2008

Apparently at least a handful of government financial regulatory employees were doing something today other than figuring out how much money Wall Street needs to keep from further imploding…

The New York Times reports that JP Morgan Chase has taken over troubled lender Wamu.

What next?

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Written by Kevin · Filed Under Articles, Consumer, Industry 

Comments

One Response to “And Another One Bites The Dust…”

  1. Pat Kitano on September 25th, 2008 8:41 pm

    Simply put, every day nobody is lending to nobody until the bailout actually happens and relieves the crisis. Businesses require short term lending and every day this lockup continues, the worse it gets.

    Today, even with the hopes of a bailout higher, nobody will lend. Lenders need to see it happen.

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