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November 2009 » The Role of Boards of Directors...
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Susan S. Lightle, PhD, CPA (inactive), CIA, and Bud Baker, PhD, and Joseph F. Castellano, PhD
The end came for Washington Mutual in September 2008, with the seizure of the savings and loan's (S&L) assets by federal regulators. A forced marriage—with the Federal Reserve holding the shotgun—was hastily arranged, and banking giant JPMorgan Chase absorbed what was left of Washington Mutual.
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