WaMU Seized: Apocalypse at Hand

The time of reckoning has arrived: Washington Mutual (WaMu) Seized by Feds, Bought by JP Morgan Chase. Apparently, JP Morgan, previously known for snapping up Bear Stearns, has now taken another piece of the american pie. Its also rumored they will be moving their corporate offices to Switzerland if Obama wins the election, out of fear that their gold horde might be threatened by over-regulated, power hungry beurocrats who just want the power of the desk, or the cash-stashed fridge, to rule the power of the gold. We’ll just have to see where the washout ends.