wamu didn't chase what matters

So here's some interesting info I rounded up on Washington Mutual before JP Morgan Chase took over

In 2007 WaMu's Stock was at $45 per share
After 2008 its stock feel to on $0.16
Since they were bought out by JP Morgan, they did not receive TARP funds.
WaMu was not only involved with subprime lending, but also failed with their "wholesale lending".
Their revenue in 2007 was just over $25.5 million, but after JP Morgan buying them out and 5 years later their latest reported revenue is:  "JPMorgan Chase & Co.'s $3.28 billion profit report carried a sobering message: Consumers are still struggling to pay off their loans, posing a threat to a strong economic recovery"
That was the title to a article I read that gave more detailed insight of Chase's financial gains and loses after buying WaMu, check it out =)
WaMu had sued FDIC after sale of it's banking operations to Chase for $13 billion! wtf? which of course, was unsuccessful.

So I think that as a whole, WaMu's situation was not as severe as AIG in the sense that they didn't take loans from the govt which is money coming out of our pockets. That's not to say that because JP bought them out that there was no down fall, tens of thousands of jobs were lost as well as homes. WaMu's slate was not clean due to that fact that their debts were bought out by a stronger financial institution, in fact we the consumers are the ones who are still in debt. WaMu simply went from being a big fish in the pond, to a bigger fish's dinner.

sources:
http://en.wikipedia.org/wiki/Washington_Mutual#Rise_and_fall
http://www.huffingtonpost.com/2010/01/15/jpmorgan-profit-4q-bank-p_n_424421.html