Financial Insights Into The Current State Of The U.S. Economy

Here is an article from the FDIC website:

Acquisition of Washington Mutual Bank

September 25, 2008

Banking operations of Washington Mutual, Inc were sold in a transaction facilitated by the Office of Thrift Supervision (OTS) and the FDIC. All deposit accounts and all loans have been transferred to JPMorgan Chase Bank.  

•  JP Morgan Acquires All Qualified Financial Contracts as Part of Washington Mutual Acquisition
• Washington Mutual Bank Investors – Additional Information
• Continuation of Contracts Transferred From Washington Mutual Bank

I am going to start a series of articles to give some insight into what is going on in our economy.  I am not giving financial advice but just my opinion based on certain facts.  Stay tuned!