Investment
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WaMu Makes JPMorgan $29 Billion as Shareholders Rail
May 26, 2009Reports this morning are speculating that new accounting rules will allow JPMorgan Chase & Co. [stock JPM][/stock] to gain an additional $29bn over the life of certain Washington Mutual loans, as shareholders in the seized bank are joining forces to criticize the handling of the entire affair. JPMorgan purchased WaMu assets when federal regulators seized the bank back in September.
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