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WaMu reaches settlement with JPMorgan, FDIC [AP]

Saturday, March 13, 2010 - 8:27 AM
From AP News via Yahoo
Washington Mutual Inc. has tentatively resolved disputes with JPMorgan Chase & Co. and the Federal Deposit Insurance Corp. over some $4 billion at issue in the bank holding company's Chapter 11 bankruptcy, a WaMu attorney said Friday.
It should be noted that WaMu depositors did not lose anything when regulators closed WaMu in September 2008. However, WaMu's holding company and its shareholders were crushed.
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Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
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