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Washington Mutual
Washington Mutual
Rank: 2
Date of bankruptcy filing: 09/26/08
Assets: $327.9 billion


Amid fears of insolvency, customers of Washington Mutual withdrew more than $16 billion of deposits over a 10-day period last fall, causing a government regulator to seize the holding company's banking assets and sell them to JPMorgan Chase for $1.9 billion. The following day WaMu filed for bankruptcy protection. What was once the nation's largest savings and loan and sixth-largest bank is now a shadow of its former self. The holding company currently is suing the FDIC for improper seizure and is seeking $13 billion in damages.

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Last updated November 01 2009: 5:24 PM ET
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