The Divide: American Injustice in the Age of the Wealth Gap Highlight

In that highly sordid and mostly overlooked chapter in the history of the bailout period, WaMu and its $307 billion in assets were delivered by the state into the hands of Chase and its CEO, Jamie Dimon, for the preposterously low price of $1.9 billion, a bargain deal that was struck just a few weeks before Chase was given $25 billion in cash by the government as part of the TARP bailouts. This was Chase’s second sweetheart deal in less than a year.