The Lost Bank: The Story of Washington Mutual-The Biggest Bank Failure in American History

The Lost Bank: The Story of Washington Mutual-The Biggest Bank Failure in American History

Kirsten Grind


An award-winning reporter chronicles the calamitous tale of Washington Mutual, the single-largest financial institution failure in American heritage, in a fast paced, compelling, and gripping saga of greed and excess.

During the main dizzying days of the monetary drawback, Washington Mutual, a financial institution with countless numbers of billions of greenbacks in its coffers, suffered a crip­pling financial institution run. the tale of its ultimate, brutal cave in within the autumn of 2008, and its debatable sale to JPMorgan Chase, is an surprising account of ways one financial institution misplaced itself to greed and mismanagement, and the way the total monetary industry—even the complete country—lost its method as well.

Written as compellingly because the best fiction, The misplaced Bank introduces readers to the regulators and the bankers, the house dealers and the creditors who jointly created the most important financial institution failure in American background. the result's a magisterial and gripping account of the awesome upward thrust and the precipitous cave in of not just an establishment yet of belief, fortunes, and the marketplaces for threat the world over.

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