Politics

Out of context: Reply #968

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• ukit0

  Oh snap! Another one bites the dust.

  http://www.nytimes.com/2008/09/2…

  Washington Mutual, the giant lender that came to symbolize the excesses of the mortgage boom, was seized by federal regulators on Thursday night in the largest bank failure in American history.

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  • Wow I didn't even know that the FED had the power to do that. That's insane. Just walked in and took over?tommyo
  • hello? it is the federal government. it can take a country but not a bank? Jesuscapsize

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