The Bush Administration has done it again. This March the administration went to JPMorgan to be the buyer of last resort for Bear Stearns, now it's done it for Washington Mutual--the biggest thrift in the United States.
WaMu has been on deathwatch as we've said before, but good old JPMorgan--charter member of the Federal Reserve Banking Cartel--has sucked up yet another institution after the predictable result of money-pumping machinations.
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