Fed saves AIG, who is next?

According to the New York Post it may be Washington Mutual.

This does not mean a government bailout, but Federal regulators have been in touch with several banks including JPMorgan and HSBC about the possibility of buying Washington Mutual.

WaMu officials insist the bank is not looking for a buyer and that stock price is not an accurate measure of performance.

The recent JPMorgan rumors have caused violent fluctuations in WaMu’s stock.  Perhaps WaMu should have accepted JPMorgan’s offer earlier this year at $8/share?