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Government Sells Washington Mutual Assets

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Government Sells Washington Mutual Assets

Economy

Government Sells Washington Mutual Assets

Government Sells Washington Mutual Assets

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  • <iframe src="https://www.npr.org/player/embed/95076177/95076146" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

The assets of the nation's largest savings and loan were seized Thursday by the government and sold to JP Morgan Chase for $1.9 billion dollars. The sale spares the government from having to spend more taxpayer dollars on what would have been a costly bailout.

Sara Lerner reports from member station KUOW in Seattle.

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