To: Fred
Do you anticipate that Wamu’s assets are worth zero?
164 posted on
09/24/2008 6:17:26 PM PDT by
Petronski
(Please pray for the success of McCain and Palin. Every day, whenever you pray.)
To: Petronski; All
WaMu assets worth zero???
If no one will buy the assets, then, yes, they are worth zero. Has anyone tried selling a house lately in CA?? That is where the majority of the mortgages are that WaMu carries.
Over 50% of the houses sold last month in CA were foreclosures, there are over 9000 foreclosures a day nationwide.
BTW... WaMu will not be the only bank taking the dirt nap....it will be a waterfall of banks...can the FDIC handle this???
330 posted on
09/24/2008 7:21:30 PM PDT by
Fred
(The Democrat Party is the Nadir of Nihilism)
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