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WaMu Bank Branches Chase Doesn't Want, FDIC Gets

Posted by billspaced | 9:56 AM | 0 comments »

The nation-state becomes ever-more powerful. Seems the FDIC gets to keep the real estate that Chase doesn't want as part of its takeover of WaMu.

Tell me this? Why doesn't Chase keep all of them, create a new business unit called "Property Management" then sell the property or sub-lease it? My gosh, most of this is in New York. I can't imagine lease rates have gone down dramatically...but I certainly am no expert in that regard.

Uncle Sam Set to Take Over WaMu Branches | The New York Observer

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