Fed forcing big bank down this week?!

[34f3f3f]

Has anyone ever doubted that WaMu was next. If one source has been consistently accurate, it’s been the grape vine, and given all the speculation, I can’t understand why anyone would still have an account there. With three times the deposit holdings of FDIC reserves, I’m sure the FDIC will be relieved if it is bailed out. But if it not, and the FDIC needs to cover depositors, and goes cap in hand to the treasury, the tax payer still ends up having to foot the bill.

[underdose]

“From what I am hearing JP Morgan won WaMu through FDIC auction at least a week ago. ”

capeman, where are you hearing this? Can you give links to sources/news stories? We’ve been combing the internet trying to find any reference anywhere to JP having any control of WaMu prior to 9/25, but nothing turns up. I agree with your evaluation that it happened too fast, too seemlessly to have just occurred yesterday. But where’s the proof? If you can point to any, I’d be truly grateful!

[underdose]

“From what I am hearing JP Morgan won WaMu through FDIC auction at least a week ago. ”

capeman, where are you hearing this? Can you give links to sources/news stories? We’ve been combing the internet trying to find any reference anywhere to JP having any control of WaMu prior to 9/25, but nothing turns up. I agree with your evaluation that it happened too fast, too seemlessly to have just occurred yesterday. But where’s the proof? If you can point to any, I’d be truly grateful!

[underdose]

“From what I am hearing JP Morgan won WaMu through FDIC auction at least a week ago. ”

capeman, where are you hearing this? Can you give links to sources/news stories? We’ve been combing the internet trying to find any reference anywhere to JP having any control of WaMu prior to 9/25, but nothing turns up. I agree with your evaluation that it happened too fast, too seemlessly to have just occurred yesterday. But where’s the proof? If you can point to any, I’d be truly grateful!

[underdose]

“From what I am hearing JP Morgan won WaMu through FDIC auction at least a week ago. ”

capeman, where are you hearing this? Can you give links to sources/news stories? We’ve been combing the internet trying to find any reference anywhere to JP having any control of WaMu prior to 9/25, but nothing turns up. I agree with your evaluation that it happened too fast, too seemlessly to have just occurred yesterday. But where’s the proof? If you can point to any, I’d be truly grateful!

[underdose]

“From what I am hearing JP Morgan won WaMu through FDIC auction at least a week ago. ”

capeman, where are you hearing this? Can you give links to sources/news stories? We’ve been combing the internet trying to find any reference anywhere to JP having any control of WaMu prior to 9/25, but nothing turns up. I agree with your evaluation that it happened too fast, too seemlessly to have just occurred yesterday. But where’s the proof? If you can point to any, I’d be truly grateful!

[cr]

Maybe the Fed funded the acquisition of WaMu too, only this time they’re keeping it under wraps. Here’s my theory:

– News sites say JPM paid $1.9 Billion and that WM had $307 Billion in assets.

– $125B for $307B in questionable assets, though certainly not all bad, for $0.40 on the dollar

– JPM fronts 1.5% of their own to close the deal

It’s a stretch but a bigger mistake would be for the Hanky-Franky-Bernanke party to stir up so much fear that the rest of the country actually does panic.

[cr]

Maybe the Fed funded the acquisition of WaMu too, only this time they’re keeping it under wraps. Here’s my theory:

– News sites say JPM paid $1.9 Billion and that WM had $307 Billion in assets.

– $125B for $307B in questionable assets, though certainly not all bad, for $0.40 on the dollar

– JPM fronts 1.5% of their own to close the deal

It’s a stretch but a bigger mistake would be for the Hanky-Franky-Bernanke party to stir up so much fear that the rest of the country actually does panic.

[cr]

Maybe the Fed funded the acquisition of WaMu too, only this time they’re keeping it under wraps. Here’s my theory:

– News sites say JPM paid $1.9 Billion and that WM had $307 Billion in assets.

– $125B for $307B in questionable assets, though certainly not all bad, for $0.40 on the dollar

– JPM fronts 1.5% of their own to close the deal

It’s a stretch but a bigger mistake would be for the Hanky-Franky-Bernanke party to stir up so much fear that the rest of the country actually does panic.

[cr]

Maybe the Fed funded the acquisition of WaMu too, only this time they’re keeping it under wraps. Here’s my theory:

– News sites say JPM paid $1.9 Billion and that WM had $307 Billion in assets.

– $125B for $307B in questionable assets, though certainly not all bad, for $0.40 on the dollar

– JPM fronts 1.5% of their own to close the deal

It’s a stretch but a bigger mistake would be for the Hanky-Franky-Bernanke party to stir up so much fear that the rest of the country actually does panic.

[cr]

Maybe the Fed funded the acquisition of WaMu too, only this time they’re keeping it under wraps. Here’s my theory:

– News sites say JPM paid $1.9 Billion and that WM had $307 Billion in assets.

– $125B for $307B in questionable assets, though certainly not all bad, for $0.40 on the dollar

– JPM fronts 1.5% of their own to close the deal

It’s a stretch but a bigger mistake would be for the Hanky-Franky-Bernanke party to stir up so much fear that the rest of the country actually does panic.

[cr]

Maybe the Fed funded the acquisition of WaMu too, only this time they’re keeping it under wraps. Here’s my theory:

– News sites say JPM paid $1.9 Billion and that WM had $307 Billion in assets.

– $125B for $307B in questionable assets, though certainly not all bad, for $0.40 on the dollar

– JPM fronts 1.5% of their own to close the deal

It’s a stretch but a bigger mistake would be for the Hanky-Franky-Bernanke party to stir up so much fear that the rest of the country actually does panic.

[HereWeGo]

This seems like a huge win for the FDIC, though. To have that bank go under and have all deposits transferred smoothly resulting in a 2B profit for the FDIC was incredible IMO.

[HereWeGo]

This seems like a huge win for the FDIC, though. To have that bank go under and have all deposits transferred smoothly resulting in a 2B profit for the FDIC was incredible IMO.

[HereWeGo]

This seems like a huge win for the FDIC, though. To have that bank go under and have all deposits transferred smoothly resulting in a 2B profit for the FDIC was incredible IMO.

[Author]

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