Mike the Usurper wrote:

Washington Mutual Inc was closed by the U.S. government in by far the largest failure of a U.S. bank, and its banking assets were sold to JPMorgan Chase & Co for $1.9 billion. null

Tomorrow's predictions. Between this and McCain torpedoing the financial deal, the markets drop around 500. Join in with your predictions for Friday.

yeah i'm sitting with the bbc market ticker open waiting for the first results from the dow and i'm wondering why there are no results yet at 12.28 gmt aah i expected it opened at 9 not 9.30 alright here we go. Rollacoaster time.

I think a bigger drop than last friday. Fun and games.

edit hang on british summer time and edt -- i've never waited for the NYSE to open in real time

silly man i mean the drop on the 15th - man i'm stupid sometimes

so having dug around on google for a figure yeah 500-550 seems good

edit 15-22 uk 14-22 gmt so far it looks like i was wrong but bonus points to skullaria

RE: WaMu is largest U.S. bank failure - Yahoo! News