This corner of Greenville Avenue and Milton Street, which once boasted The Fare strip club, is now home to a brand-spanking new branch of … Washington Mutual! Er, wait a sec; WaMu was seized by the feds last week–the biggest bank failure in U.S. history–and then taken over by JPMorgan Chase. One possible reason: WaMu specialized in something called “option adjustable-rate mortgages,” which let borrowers hold off making payments on a loan’s interest and principle principal. That’s a pawn shop behind the new bank, by the way. Insert your joke here.
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