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Economy: Bank Failure / Washington Mutual #905739

ABC Evening News for Friday, Sep 26, 2008
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(Studio: Charles Gibson) Report introduced.

(Seattle: Karl Karlinsky) The largest-ever bank failure in the US with Washington Mutual seized by the government and sold to JPMorgan Chase explained; details given about the run on deposits by WaMu customers, a potential merger of Wachovia and Citigroup and the likely failure of more banks. [Sterne Agee banking analyst Sean RYAN†- offers perspective on the scope of this bank failure.] FDIC public service ad featuring financial analyst Suze Orman shown. [on the street, MAN - reacts.]

Gibson, Charles;
Karlinsky, Karl

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