Another Bank Implodes as Wall Street Waits on Washington

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Last night saw the biggest bank failure in American history. Washington Mutual Savings and Loan was seized by the federal government and immediately sold to JP Morgan Chase for $1.9 billion. Daniel Gross is a senior editor at Newsweek magazine, where he writes the Contrary Indicator column.  He also writes Moneybox for Slate.com.

Credits

Guest:
Daniel Gross - Strategy + Business - @grossdm

Host:
Warren Olney