JPMorgan Chase To Buy Out WaMu?

Talks are apace, according to WSJ.

It make good sense for the two to merge: WaMu has a west coast footprint that JPM would love to have, and WaMu's retail branches are its most valuable assets right now.

JPM tried to buy out WaMu at the beginnning of the year, but was spurned. Now they can get the same thing for a much cheaper deal...