Friday, September 26, 2008

Brother, Can You Spare A Dime?

It doesn't appear that things are getting any better.
Seattle-based WaMu, which was founded in 1889, is the largest bank to fail by far in the country's history. Its $307 billion in assets eclipse the $40 billion of Continental Illinois National Bank, which failed in 1984, and the $32 billion of IndyMac, which the government seized in July.

My emphasis.

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