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Article: AP Executive Morning Briefing
- Article from:
- AP Online
- Article date:
- September 26, 2008
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The top business news from The Associated Press for the morning of Friday, Sept. 26, 2008:
WaMu becomes biggest bank to fail in US history
NEW YORK (AP) _ As the debate over a $700 billion bank bailout rages on in Washington, one of the nation's largest banks _ Washington Mutual Inc. _ has collapsed under the weight of its enormous bad bets on the mortgage market. The Federal Deposit Insurance Corp. seized WaMu on Thursday, and then sold the thrift's banking assets to JPMorgan Chase & Co. for $1.9 billion.
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A bad day for the GOP on politics, bailout plan
WASHINGTON (AP) _ Even for a party whose president suffers dismal approval ratings, whose legislative ...