JP Morgan Buys out Washington Mutual as Result of Largest US Bank Failure in History

Another financial firm has gone under, but this time it's not an investment bank, it's a savings and loan: Washington Mutual – representing the largest failure of a US bank ever. JP Morgan has stepped in to buy the firm which has 2,300 branches across the country. FSRN's Karen Miller takes a look at the impact of mass consolidation of financial firms on Wall Street.

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