http://articles.moneycentral.msn.com/Investing/Dispatch/wamu-seized-092608.aspx

I am posting this article I was reading on the internet about the collapse of Washington Mutual Bank. I've been trying to comprehend what's been happening during the past week and all of the postings here in our blog about the real estate and banking markets. (I was hoping that my credit card balance with WaMu would vanish, also!) During the recent presidential debate, Obama talked about how the economic crisis was inevitable, just as it was mentioned in one of our posts.