"I didn’t even get a chance to write a post about WaMu being the largest bank failure in history. Continental Illinois, during the S&L crisis, had held the record for 14 years until last Friday, when the FDIC took out WaMu and forced a sale to JP Morgan. Continental had $30-$40 billion of assets when it failed. WaMu had $310 billion of assets as of June 30th. But WaMu only held the record for a single business day."

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