FDIC seizes, and starts selling, Washington Mutual. By Dan HullSeptember 26, 2008February 27, 2025Uncategorized The Federal Deposit Insurance Corp. sells most of WaMu to JPMorgan Chase & Co. See Bloomberg, WSJ, New York Times. Meanwhile, on our pages WAC?‘s Holden Oliver cruelly savors, and celebrates, the brutality of the return of the work ethic.