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WaMu settles dispute, eyes bankruptcy exit

(Reuters) - Washington Mutual Inc, the biggest bank to fail in U.S. history, said it reached a settlement in a dispute betweenshareholders and certain creditors that had prevented the bank from emerging from Chapter 11 bankruptcy proceedings. WaMu got a respite late on Monday when it said in a court filing that the shareholders represented…

The Stupids

John Cole points to Grover Norquist attempting to create something called the Pelosi/Reid/Obama recession (which we’re just at the beginning of!) because: The economy began to collapse when the Democrats captured the House and Senate and we then knew that the lower tax rates on individuals, capital gains, and dividends…