Washington Mutual is done – with the deposits being taken over by JPMorganChase.

Since WaMu was big in the West, the branch network makes a ton of sense for JPMC, where they had virtually no presence. Same goes for Florida.

And JPMC is brilliant for waiting, since just a few months ago they would have paid a lot more and still would have had to liquidate the moronic WaMu mortgage department.

And now we’re free from the annoying “Whoo Hoo” campaign, which we can now assume was pretty ineffective.