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Not good news for JPMorgan/Chase, but they can deal with this.
Problem is that WaMu is headed for some trouble too (good thing I didn't buy that stock when it I thought it was cheap at $10/share!). There have long been talks that WaMu might be bought by Chase should it continue to head towards financial woes, but seeing as how things are with the big banks, I find it unlikely that any financial institution bigger than WaMu would be able to buy it now.
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