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To: cw35
I am willing to bet that Wamu can’t.

Can't what ?

They just go taken over by JP Morgan. That didn't require taxpayer money for them to do it.
5 posted on 09/26/2008 8:43:33 PM PDT by SeekAndFind
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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
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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
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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.


39 posted on 09/26/2008 9:43:18 PM PDT by WoofDog123
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