Okay, kids, since WaMu just failed this evening (formerly worth 307 billion dollars), I thought it was time for a bit of a brief, educational trivia quiz so here goes:
1) What was the last, biggest bank failure, before WaMu's today/tonight?
Answer: Continental Illinois (remember that one?) in 1984 (yeah, that long ago).
2) How much were they worth?
Answer: 40 billion dollars.
kinda puts the current situation in perspective, don't it?
If you're not somewhat concerned yet, stay tuned.
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