things looking a bit bouncy in the us, page-21

JPM doing very well because they are strongly capitalised:

WaMu Seized by U.S., Assets Sold to JPMorgan in Record Failure

By Ari Levy and Elizabeth Hester

Sept. 26 (Bloomberg) -- Washington Mutual Inc. was seized by government regulators and its branches and assets sold to JPMorgan Chase & Co. in the biggest U.S. bank failure in history

JPMorgan became the biggest U.S. bank by deposits with the deal, acquiring WaMu's branch network for $1.9 billion.

``This is a fabulous franchise,'' JPMorgan Chief Executive Officer Jamie Dimon, 52, said in an interview. ``We think we got this at a price that protects us, where if we were wrong, it still protects us.''