Home » Bail Out Plan, Foreclosures, Housing, Lending » WaMu’s bad loans are $29 billion windfall for JPMorgan Chase – Seattle Times

WaMu’s bad loans are $29 billion windfall for JPMorgan Chase – Seattle Times

JPMorgan Chase stands to reap a $29 billion windfall, thanks to an accounting rule that lets the second-biggest U.S. bank transform bad loans it purchased from Washington Mutual into income. Wells Fargo, Bank of America and PNC Financial Services Read Full Article

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Posted by Eureka Expert on May 26th, 2009 and filed under Bail Out Plan, Foreclosures, Housing, Lending. You can follow any responses to this entry through the RSS 2.0. You can leave a response via following comment form or trackback to this entry from your site

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