To: cw35
I am willing to bet that Wamu cant.
Can't what ?
They just go taken over by JP Morgan. That didn't require taxpayer money for them to do it.
To: SeekAndFind
See post #8. The way Wa Mu was resolved spared taxpayers at the cost of closing the bond market to US banks.
9 posted on
09/26/2008 8:51:53 PM PDT by
JasonC
To: SeekAndFind
They didn’t get taken over by JPM, they got taken over by the gov’t then sold to JPM. They failed.
12 posted on
09/26/2008 8:59:12 PM PDT by
cw35
To: SeekAndFind
they were not taken over by JPM - they were taken over by the FDIC, who then sold certain assets and (mainly) liabilities to JPM. Wamu is still a publicly traded company, destined very soon for the pink sheets with a big Q on it. Wamu bondholders are not happy either.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson