Did the Government screw up Wamu?

Finally Washington Mutual is down. Why government did not bail them out or government want Chase Bank to get Wamu asset with very cheap price?

Another bank failed on September 19, 2008, Ameribank, Inc., Northfork, WV.

Is Sunday is best day to announces bailout? Is $ 700 billion will go up to $ 1.8 Trillion?

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