Home › Forums › Financial Markets/Economics › Fed forcing big bank down this week?!
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Ricechex.
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September 26, 2008 at 1:23 PM #276371September 26, 2008 at 1:23 PM #276421
HereWeGo
ParticipantThis 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.
September 26, 2008 at 1:23 PM #276407ParticipantThis 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.
September 26, 2008 at 2:18 PM #276122capeman
ParticipantThe FDIC got their back scratched because JP Morgan got what they wanted at an unbelievable price. With the new accounting rules though they had to mark the value of acquired assets immediately. They found a buyer of those real quick and at an appealing price still or else they wouldn’t have done it.
Under, I don’t have any media or print confirmation on that and according to the company memo that went out after the deal, they are still using the WaMu brand name temporarily. You likely got some fluke check but I doubt you’ll be able to tie it to any proof of an early takeover. That would get some dirty dealers in a lot of trouble.
September 26, 2008 at 2:18 PM #276441ParticipantThe FDIC got their back scratched because JP Morgan got what they wanted at an unbelievable price. With the new accounting rules though they had to mark the value of acquired assets immediately. They found a buyer of those real quick and at an appealing price still or else they wouldn’t have done it.
Under, I don’t have any media or print confirmation on that and according to the company memo that went out after the deal, they are still using the WaMu brand name temporarily. You likely got some fluke check but I doubt you’ll be able to tie it to any proof of an early takeover. That would get some dirty dealers in a lot of trouble.
September 26, 2008 at 2:18 PM #276427ParticipantThe FDIC got their back scratched because JP Morgan got what they wanted at an unbelievable price. With the new accounting rules though they had to mark the value of acquired assets immediately. They found a buyer of those real quick and at an appealing price still or else they wouldn’t have done it.
Under, I don’t have any media or print confirmation on that and according to the company memo that went out after the deal, they are still using the WaMu brand name temporarily. You likely got some fluke check but I doubt you’ll be able to tie it to any proof of an early takeover. That would get some dirty dealers in a lot of trouble.
September 26, 2008 at 2:18 PM #276391ParticipantThe FDIC got their back scratched because JP Morgan got what they wanted at an unbelievable price. With the new accounting rules though they had to mark the value of acquired assets immediately. They found a buyer of those real quick and at an appealing price still or else they wouldn’t have done it.
Under, I don’t have any media or print confirmation on that and according to the company memo that went out after the deal, they are still using the WaMu brand name temporarily. You likely got some fluke check but I doubt you’ll be able to tie it to any proof of an early takeover. That would get some dirty dealers in a lot of trouble.
September 26, 2008 at 2:18 PM #276374ParticipantThe FDIC got their back scratched because JP Morgan got what they wanted at an unbelievable price. With the new accounting rules though they had to mark the value of acquired assets immediately. They found a buyer of those real quick and at an appealing price still or else they wouldn’t have done it.
Under, I don’t have any media or print confirmation on that and according to the company memo that went out after the deal, they are still using the WaMu brand name temporarily. You likely got some fluke check but I doubt you’ll be able to tie it to any proof of an early takeover. That would get some dirty dealers in a lot of trouble.
September 26, 2008 at 4:00 PM #276406Ricechex
ParticipantI checked the wamu website yesterday and already it has it’s home page as JPMorgan. And, a statement that you can use all the ATM’s etc. etc. So seamless. Now, it is fairly easy to change a website….BUT it just seems so pre-planned. They were ready to go with this IMHO.
September 26, 2008 at 4:00 PM #276389ParticipantI checked the wamu website yesterday and already it has it’s home page as JPMorgan. And, a statement that you can use all the ATM’s etc. etc. So seamless. Now, it is fairly easy to change a website….BUT it just seems so pre-planned. They were ready to go with this IMHO.
September 26, 2008 at 4:00 PM #276137ParticipantI checked the wamu website yesterday and already it has it’s home page as JPMorgan. And, a statement that you can use all the ATM’s etc. etc. So seamless. Now, it is fairly easy to change a website….BUT it just seems so pre-planned. They were ready to go with this IMHO.
September 26, 2008 at 4:00 PM #276442ParticipantI checked the wamu website yesterday and already it has it’s home page as JPMorgan. And, a statement that you can use all the ATM’s etc. etc. So seamless. Now, it is fairly easy to change a website….BUT it just seems so pre-planned. They were ready to go with this IMHO.
September 26, 2008 at 4:00 PM #276456ParticipantI checked the wamu website yesterday and already it has it’s home page as JPMorgan. And, a statement that you can use all the ATM’s etc. etc. So seamless. Now, it is fairly easy to change a website….BUT it just seems so pre-planned. They were ready to go with this IMHO.
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