U.S. regulators try to find WaMu buyer
by Ajay Kamalakaran in Bangalore
Wed Sep 17, 2008 12:07pm EDT
Reuters) - U.S. federal regulators recently called a number of banks asking if they would consider buying Washington Mutual Inc should it eventually falter, the New York Post said, citing sources.
Federal banking regulators, in recent days, contacted Wells Fargo & Co, JPMorgan Chase & Co, HSBC and several other financial institutions to gauge their interest in a possible acquisition of WaMu, the paper said.
No merger discussions are currently under way between the Seattle-based bank and anyone else, the sources told the paper.
Washington Mutual could not be immediately reached for comment.
"Where such a shift in power is in favor of the governing elite, Power will achieve its murderous potential. It simply waits for an excuse, an event of some sort, an assassination, a massacre in a neighboring country, an attempted coup, a famine, or a natural disaster, to justify the beginning of murder en masse. Most state sponsored murder occurs under the cover of war, revolution, or guerrilla war, or in their aftermath."
R. J. Rummel