Mortgage Bailout Fails!
September 29th, 2008The $700,000,000,000 mortgage bailout fails the House of Represenatives in a vote of 228-205 to reject the bill. This bill is also being called the Emergency Rescue Package.
Largest Bank Failure in U.S. History
September 26th, 2008Washington Mutual is the largest bank to fail in United States history! The FDIC seized Washington Mutual, and sold the $307 billion in assests to J.P. Morgan for $1.9 billion. I’m confused. Is $307 billion for less than $2 billion a really good return on investment? I would love for someone to explain this to me.