On September 24, 2008, Washington Mutual (WaMu) filed for Chapter 11 bankruptcy, one day after federal regulators seized its banking operations. The banking operations were sold to JPMorgan Chase. The collapse of WaMu, which listed more than $8 billion in debts, marks the largest bank failure in the U.S.
Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio