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But – given half a century of frustration in the search for gravitational waves – what they found exceeded expectation: suddenly, in the mutual collapse of two black holes, they could eavesdrop on the violence of the universe.
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After Washington Mutual collapsed, Mr. Schneider stayed on as a mortgage servicing executive at JPMorgan.
Days later, the authorities cajoled JP Morgan to step in when Washington Mutual collapsed.
Before Washington Mutual collapsed in the largest bank failure in U.S. history, its executives knowingly created a "mortgage time bomb" by making subprime loans they knew were likely to go bad and then packaging them into risky securities, a congressional investigation has found.
Regulators failed on Monday to win a clear victory over the father-and-son team whose mutual fund collapsed in one of the central blowups of the 2008 financial crisis.
While Seattle's Washington Mutual was collapsing into the embrace of JPMorgan Chase, former Seattle First National executive Rob Sullivan was happily occupied at his winery, where thoughts about collateralized debt obligations rarely intrude.
Rex Chen, the supervising lawyer at Catholic Charities of the Archdiocese of Newark, remains more pessimistic, likening himself to a financial adviser who warns, "This mutual fund could collapse".
James B. Stewart, in his analysis of the demise of the law firm Dewey & LeBoeuf, attributes the firm's downfall, in part, to a culture that lacked coöperation and mutual respect ("The Collapse," October 14th).
Anthony Summers Cappoquin, County Waterford Ireland James B. Stewart, in his analysis of the demise of the law firm Dewey & LeBoeuf, attributes the firm's downfall, in part, to a culture that lacked coöperation and mutual respect ("The Collapse," October 14th).
Once he wandered into dodgy territory, becoming a director of conman Bernie Cornfeld's £2,500m IOS Investors Overseas Servicess), a crooked offshore mutual fund, which collapsed in 1970.
An article on Tuesday about a mixed verdict in a Securities and Exchange Commission case against the operators of the Reserve Primary Fund, a money market mutual fund that collapsed in the financial crisis, misidentified a panel that in August acquitted a Citigroup manager of wrongdoing in a mortgage bond deal.
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