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  • September 17, 2008 at 1:32 PM #13858
    zzz
    Participant

    http://dealbook.blogs.nytimes.com/2008/09/17/washington-mutual-begins-auction-to-sell-itself/

    September 17, 2008 at 2:38 PM #271675
    davelj
    Participant

    I bid $1. Not $1/share. $1 dollar for the whole enchilada. I figure WaMu’s equity as a whole at least has some option value. Oh, but I also want a backstop from the Fed. I want it structured so that I can’t lose more than $1. Yes, that seems reasonable.

    September 17, 2008 at 2:38 PM #271914
    davelj
    Participant

    I bid $1. Not $1/share. $1 dollar for the whole enchilada. I figure WaMu’s equity as a whole at least has some option value. Oh, but I also want a backstop from the Fed. I want it structured so that I can’t lose more than $1. Yes, that seems reasonable.

    September 17, 2008 at 2:38 PM #271922
    davelj
    Participant

    I bid $1. Not $1/share. $1 dollar for the whole enchilada. I figure WaMu’s equity as a whole at least has some option value. Oh, but I also want a backstop from the Fed. I want it structured so that I can’t lose more than $1. Yes, that seems reasonable.

    September 17, 2008 at 2:38 PM #271963
    davelj
    Participant

    I bid $1. Not $1/share. $1 dollar for the whole enchilada. I figure WaMu’s equity as a whole at least has some option value. Oh, but I also want a backstop from the Fed. I want it structured so that I can’t lose more than $1. Yes, that seems reasonable.

    September 17, 2008 at 2:38 PM #271987
    davelj
    Participant

    I bid $1. Not $1/share. $1 dollar for the whole enchilada. I figure WaMu’s equity as a whole at least has some option value. Oh, but I also want a backstop from the Fed. I want it structured so that I can’t lose more than $1. Yes, that seems reasonable.

    September 17, 2008 at 2:45 PM #271685
    Arraya
    Participant

    The attempt at sale is a show, if anybody did have the capital to buy it they wouldn’t with out a backstop. Wamu is just another in a long line of economic suicide bombers strapped in toxic mortgage waste threatening systemic collapse if the USG doesn’t comply.

    September 17, 2008 at 2:45 PM #271923
    Arraya
    Participant

    The attempt at sale is a show, if anybody did have the capital to buy it they wouldn’t with out a backstop. Wamu is just another in a long line of economic suicide bombers strapped in toxic mortgage waste threatening systemic collapse if the USG doesn’t comply.

    September 17, 2008 at 2:45 PM #271931
    Arraya
    Participant

    The attempt at sale is a show, if anybody did have the capital to buy it they wouldn’t with out a backstop. Wamu is just another in a long line of economic suicide bombers strapped in toxic mortgage waste threatening systemic collapse if the USG doesn’t comply.

    September 17, 2008 at 2:45 PM #271973
    Arraya
    Participant

    The attempt at sale is a show, if anybody did have the capital to buy it they wouldn’t with out a backstop. Wamu is just another in a long line of economic suicide bombers strapped in toxic mortgage waste threatening systemic collapse if the USG doesn’t comply.

    September 17, 2008 at 2:45 PM #271996
    Arraya
    Participant

    The attempt at sale is a show, if anybody did have the capital to buy it they wouldn’t with out a backstop. Wamu is just another in a long line of economic suicide bombers strapped in toxic mortgage waste threatening systemic collapse if the USG doesn’t comply.

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