FARK.com: (3526491) Washington Mutual has confirmed that "YES" JPMorgan Chase really is trying to buy the entire finance and banking sector for 10 cents on the dollar

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		Washington Mutual has confirmed that "YES" JPMorgan Chase really is trying to buy the entire finance and banking sector for 10 cents on the dollar (marketwatch.com)		16
		More: Obvious

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1195 clicks; posted to Business » on 09 Apr 2008 at 8:20 PM | Favorite | share:

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radiumsoup		2008-04-09 05:16:22 PM

I don't blame them.

Seriously, wouldn't you try to if you had the cash?

abuttino		2008-04-09 06:18:53 PM

And he's got the Fed behind him.

Flab		2008-04-09 07:43:19 PM

Resistence is futile.

Megain		2008-04-09 08:12:31 PM

radiumsoup: I don't blame them.

Seriously, wouldn't you try to if you had the cash?

i tried without having the cash. they turned down my offer of $4.72 and half a pack of gum. and i still think they should have taken my offer

Javajoinjun		2008-04-09 08:29:41 PM

So... buy Washington Mutual?

/confused

PresentCompanyExcluded		2008-04-09 08:35:53 PM

Approves

YesWeHaveNoBannanas		2008-04-09 08:43:48 PM

Javajoinjun: So... buy Washington Mutual?

/confused

No. Do not buy WaMu.

JP Morgan is trying to get them on, currently $3 less than what it is trading at.

Something stinks here, at it is JP Morgan becoming the 300lb gorilla with our tax money, buying up first one of the largest investment banks, than, trying to buy up the worlds biggest thrift...
The slimy cheating that is going on is disgusting, when will it all come out??????????????

jvl		2008-04-09 08:48:00 PM

YesWeHaveNoBannanas: Something stinks here, at it is JP Morgan becoming the 300lb gorilla with our tax money, buying up first one of the largest investment banks, than, trying to buy up the worlds biggest thrift...
The slimy cheating that is going on is disgusting, when will it all come out?

The cynic would say that if any major player folds, then JP Morgan will fold. They have no choice but to ensure that no one folds.

TheGreatGazoo		2008-04-09 08:49:57 PM

Please don't buy Wamu. They are dumb enough already, but at least they don't fee me to death. A buyout would send them way over the stupid cliff.

And moving bank accounts is a pain in the butt with the bank 'secret' laws.

Thrag		2008-04-09 08:52:18 PM

radiumsoup: Seriously, wouldn't you try to if you ~~had the cash?~~ were given billions in taxpayer money?

FTFY

Bonzo_1116		2008-04-09 09:01:56 PM

TheGreatGazoo: Please don't buy Wamu. They are dumb enough already, but at least they don't fee me to death. A buyout would send them way over the stupid cliff.

And moving bank accounts is a pain in the butt with the bank 'secret' laws.

Credit Unions are your friend.

(unless you move all the damn time)

NeuroticRocker		2008-04-09 09:11:44 PM

Javajoinjun: So... buy Washington Mutual?

/confused

its my understanding that since JPM is a primairly eastern bank, and WM is huge on the west coast, they would have equal presense on the west as they do on the east if they bought WM

bourneobscurity		2008-04-09 11:20:26 PM

JP Morgan's
nasal organ
has a purple hue

/historical humor
//that's all I got

SharkUW		2008-04-09 11:45:38 PM

All I want to know is when it's safe to just stop paying on my credit cards.

Remove all Republicans		2008-04-10 01:52:13 AM

I'm just surprised that it isn't Paulson's Goldman Sachs behind all this. That would be one way to be able to manage the entire market.

narocroc		2008-04-10 05:42:51 PM

watch the movie zeitgeist, it will all make sense then.

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