Jamie Dimon hip checks Ken Lewis to reclaim the role of savior

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Some breaking news on the Washington Mutual front. Seems JPMorgan Chase is swooping in to buy WaMu’s deposits—and take over some branches. Details are murky at the moment; we’ll know more after the conference call at 9:15 tonight. Word so far is that the deal was government-brokered. What, exactly, does that mean? Think a lot of people are looking forward to finding out tonight.

UPDATE: The details are here.