Bank Of Japan Expected To Hold Rates Steady; JPMorgan Buys Washington's Mutual Deposits; JPMorgan Acquires WaMu's Deposits; House Republican's Alternative Plan

Bank of Japan expected to hold rates steady as oil costs drop; JPMorgan buys Washington's Mutual ...  More »

Bank of Japan expected to hold rates steady as oil costs drop; JPMorgan buys Washington's Mutual deposits for $1.9 Billion; Wa-Mu had 'insufficient liquidity' and was in 'unsound' condition, OTS says; Republican's Alternative Plan: Calls for mortgage-backed security insurance fund rather than tax-payer funded purchases, suggests treasury design a system to charge premiums to MBS holders to finance insurance and seeks 'temporary tax relief' provisions aimed at financial firms to free-up capital; U.S. House Republicans fragment over rescue plan, stalling progress; Analysis by Bill Fitzpatrick, Equity Analyst of Optique Capital Management  « Less