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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: joefromspringfield who wrote (110656)8/14/2011 11:55:21 PM
From: MJ2 Recommendations  Respond to of 224718
 
WAMU was taken over by J. P. Morgan Chase at the last moment.

WAMU was another ponzi type operation that had tenacles throughout the nation via the real estate industry.
They along with Fannie and Freddie were at the heart of the housing collapse.

The full story on this has yet to be written.