Comments on: Daily Aid 14: Washington Mutual fails, seized by OTS and FDIC, bought by JP Morgan http://www.financialaidnews.com/economics-101/daily-aid-14-washington-mutual-fails-seized-by-ots-and-fdic-bought-by-jp-morgan/ Student financial aid blog and news from the Student Loan Network Wed, 10 Mar 2010 08:40:01 -0400 http://wordpress.org/?v=abc hourly 1 By: Savings Expert http://www.financialaidnews.com/economics-101/daily-aid-14-washington-mutual-fails-seized-by-ots-and-fdic-bought-by-jp-morgan/comment-page-1/#comment-18157 Savings Expert Wed, 27 Jan 2010 12:27:10 +0000 http://www.financialaidnews.com/2008/09/26/daily-aid-14-washington-mutual-fails-seized-by-ots-and-fdic-bought-by-jp-morgan/#comment-18157 It would seem that JP Morgan got quite a deal on buying Washington Mutuals assets. Will the FDIC pay out all of Washington Mutual's balances of the savings accounts? Also after the economic meltdown is this no longer the biggest bank failure in history? It would seem that JP Morgan got quite a deal on buying Washington Mutuals assets. Will the FDIC pay out all of Washington Mutual’s balances of the savings accounts? Also after the economic meltdown is this no longer the biggest bank failure in history?

]]> By: Mutch Curtis http://www.financialaidnews.com/economics-101/daily-aid-14-washington-mutual-fails-seized-by-ots-and-fdic-bought-by-jp-morgan/comment-page-1/#comment-15609 Mutch Curtis Sat, 27 Sep 2008 18:15:22 +0000 http://www.financialaidnews.com/2008/09/26/daily-aid-14-washington-mutual-fails-seized-by-ots-and-fdic-bought-by-jp-morgan/#comment-15609 Doesn't Sallie Mae actually private label WAMU loans? Isn't there an agreement to sell all these loans to SLM? Found on the internet at http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/05-17-2000/0001221435&EDATE= Sallie Mae to Originate and Service All Washington Mutual Student Loans; Agreement Includes $450 Million Forward-Purchase Commitment RESTON, Va., and SEATTLE, May 17 /PRNewswire/ -- Sallie Mae (NYSE: SLM) and Washington Mutual, Inc. (NYSE: WM) today announced they have signed a $450 million ExportSS forward-purchase commitment under which Sallie Mae will originate and service all student loans financed by Washington Mutual. Doesn’t Sallie Mae actually private label WAMU loans? Isn’t there an agreement to sell all these loans to SLM?
Found on the internet at http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/05-17-2000/0001221435&EDATE=

Sallie Mae to Originate and Service All Washington Mutual Student Loans; Agreement Includes $450 Million Forward-Purchase Commitment

RESTON, Va., and SEATTLE, May 17 /PRNewswire/ — Sallie Mae (NYSE: SLM)
and Washington Mutual, Inc. (NYSE: WM) today announced they have signed a $450
million ExportSS forward-purchase commitment under which Sallie Mae will
originate and service all student loans financed by Washington Mutual.

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