Markets: Hank got spanked

When does the seamless takeover of a bank with $300bn of assets provide almost no comfort to worried investors? When the financial world is in a real mess. This Friday, for example. In less strained times, investors would be cheered to see the US regulators and JPMorgan keep Washington Mutual’s operations going without a break. But they had to chew over two other larger pieces of news. The first is the inability of US politicians to agree on Hank Paulson’s $700bn bailout plan. Talks broke up ac...