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Bailout Talks Stall, WaMu Collapses in Deepening Financial Crisis

Bailout Talks Stall, WaMu Collapses in Deepening Financial Crisis

The nation’s financial crisis has intensified as federal regulators seized Washington Mutual on Thursday in what is the largest bank failure in American history. Federal regulators have arranged to sell off most of the bank at a bargain rate to JPMorgan Chase. We get analysis from New York Times columnist Paul Krugman and economics professor Michael Zweig. [includes rush transcript]

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