What happened to Washington’s failed banks
Published 11:39 am Thursday, July 1, 2010
The rich get richer and the poor get shut down in the country’s recession-plagued banking industry.
It’s a part of the American economy where basic laws of nature apply: The fit survive. And the weak are gobbled up quicker than you can say “forced sale.”
It’s no different in Washington. The state’s banking landscape has been drastically altered by a string of regulator-forced closures over the last few years, starting with the headline-making failure of WaMu in 2008.
Here’s a quick recap of what happened to Washington banks during the last few years.
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