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Friday market the largest amount of United States government take overs in one single day since the beginning of the financial crisis and the almost complete collapse of the financial sector of the United States.
The nine banks (which brings the total to 115 for the …

Following what WaMu said is an unreasonably low price of $1.9 billion sale to JP Morgan Chase, the failed savings and loan company is suing the FDIC for over $13 billion.
WaMu filed a complaint with the U.S. District Court for the District of Columbia accusing …

When JPMorgan acquired Washington Mutual in September, employees at WaMu probably understood that some of them would be cut from the roster. The good news is not all of the positions will be eliminated immediately; around 4,000 jobs will be eliminated by the end of …

What is Wachovia thinking? They just sold several of their retail bank, corporate and investment bank and wealth management businesses to CitiGroup and now are sponsoring the vice presidential debate? What? You’d think that they’d try to save any money they could, in …

One day after the UK Financial Services Authority pulled a similar stunt, the SEC temporarily banned the short selling of almost 800 financial stocks. According to the ban, on October 3rd short selling can resume.
With the news on Friday, financial stocks rallied.
Here’s the list …