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Anorak | McCain Up, WaMu Down

McCain Up, WaMu Down

by | 26th, September 2008

Well as the New York Times puts it:

‘Government Seizes WaMu and Sells Some Assets’

Though the headline omits to mention that the assets were what Hank ‘Call me Uncle Joe’ Paulson likes to describe as ‘Troubled Assets’.

And everybody is writing about it, which is fair enough since this is the biggest bank failure in US history; Washington Mutual had $307 billion in assets, so it’s probably the biggest bank failure in the history of the Solar system.

But nobody, so far, has asked whether John McCain’s plan to assist his own Troubled Asset, his Presidential campaign, by disrupting the bipartisan agreement that was reported to have been reached on the ‘Buddy Can You Spare a Trillion’ plan was the dagger in the back of WaMu’s share and bond

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Posted: 26th, September 2008 | In: News Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink