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Non-Tech : WM - WASHINGTON MUTUAL

WM 197.53

-3.3%

3:59 PM EDT

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To: james-rockford who wrote (19)	9/25/2008 7:58:55 PM
From: All Mtn Ski	Read Replies (1) of 26

Ouch, down to $0.84 in AH on this news: Report: JPMorgan to buy WaMu deposits, branches Thursday September 25, 7:52 pm ET Report: JPMorgan to acquire WaMu deposits, some of its branches NEW YORK (AP) -- The Wall Street Journal is reporting that JPMorgan Chase & Co. has struck a deal to acquire the deposits and some of the branches of Washington Mutual Inc., which has been battered by soured mortgages. The paper, citing people familiar with the matter, says the deal brokered by the government will not impact the FDIC insurance fund. The Seattle-based thrift, the nation's largest, has roughly $310 billion in assets and was searching for a lifeline after a credit-rating downgrade further raised questions about its future. Calls to JPMorgan and WaMu spokesmen and federal regulators were not immediately returned. JPMorgan has scheduled a conference call for 9:15 p.m. ET Thursday. biz.yahoo.com A-M-S

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