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Moody's Investors Service downgraded Washington Mutual Inc.'s (WaMu Inc.) senior debt rating to Ca from Caa2. Washington Mutual Bank's (WaMu Bank) senior debt was downgraded to C from Ca. This concludes the review for downgrade that began on September 26, 2008. Subordinate debt and preferred is rated C at both WaMu Inc. and WaMu Bank. The outlook is stable. The rating action follows WaMu Inc.'s filing of its monthly operating report in conjunction with its bankruptcy proceedings where it reported that it maintained an unrestricted cash balance of $4.3 billion as well as other assets of less certain value, at October 31, 2008.
http://www.istockanalyst.com/article/vie...
Jerle I love when you talk dirty go wamu!!!!!!!!!!!!!!!!
What is your point. Do you need to BE RELEVANT TO WAMU
Thanks Great DD The glass is half full again
Hello Buy wamp and wamu In class right now what goes down goes up Provin
I bet the glass is half empty for you as well
What about there is nothing to fear but fear itself. Go Wamu!!!!!!!!!!!!!!!!!!!!!!!!!!!!
It is always darkest near the dawn
Maybe it is because JPM is going to keep Washington Mutual as their own entity with JPM as the Mothership. This is really good stuff.
ASSETS>LIABILITIES IF YOU NEED MORE GO AWAY
We agree. Lets make millions lol
no Assets equals liabilities + owners equity
No Buy if you think there are greater assets than liabilities. Easy that is value.
Maybe this a good time to thank all those that have taken ther time and expertise on this board and DD. I have nothing to post that is factually sound because of the strong knowledge and DD that has been supplied. I feel incompetant to my fellow wamuses. I still can't believe that this isn't an investment of a lifetime and I'am tied just keepin up with the informed posts.
Thank You
Thanks Climber Just wanted to know what was driving to do the Research Go all the wamus
Help me understand How can you be in this conversation and not own preferred!!!!! Are you in something else. Jackson seems to have gotten off on the wrong side of bed
IMO Monday is the big day. Dimon has been demonized. Monday when he meets with WM employees, he will do his appropriate healing. He would not meet with them in public without something in hand. The commercials I have been seeing are also placing WM as a part of Chase, with its identification intact. He will give to the shareholders and employees and rationalize his numbers but all will not be satisfied but a critical mass will be. Your quess is as good as mine, 6-10 on common 500 on wamup Thanks to you all for all your dd. lol eom
He will take WAMU out of Banruptcy and wamu will maintain its identity as a part of Chase as the commercial said. Stocks will maintain at whatever the price the market will bring, or at least until JPM stock is exchanged. IMO
I would keep it Long term so you will not have to claim the capital gains and live off the proceeds and forget about your CPA
Merger merger merger:>)
Good night and sleep tight lol
Ride on contractor!!!!!!!!!!!
Screw the court. I'am going to go with the existing deal between WMI, JPM, and the Government.It is a done deal and the court is just giving them time to do process.
Why not? It has already been decied between the Gov and JPM. They are just working throught the motions. Dimon will be making the annoucement on Monday and the court proceeding will be moot.
But they will have no need for one once JPM takes them over
Merger Coming????? Go WAMU
I'am sure he is your close personal friend. Tell us what you really think. He will be our hero on Monday
Yes I know there is anger but it doesn't help the healing and our ability to make millions
Yes I know there is anger but it doesn't help the healing and our ability to make millions
JPMorgan CEO will speak to WaMu employees Monday
JPMorgan Chase CEO Jamie Dimon will be in Seattle on Monday, the day by which all Washington Mutual employees will have learned whether they are keeping their jobs or not.
By Melissa Allison
Seattle Times business reporter
JPMorgan Chase CEO Jamie Dimon will be in Seattle on Monday, the day by which all Washington Mutual employees will have learned whether they are keeping their jobs or not. Dimon will speak to WaMu employees at Benaroya Hall on Monday morning.
Later he will speak to a lunchtime group of business and civic leaders at the Greater Seattle Chamber of Commerce's Community Development Roundtable at the Washington Athletic Club. The roundtable, which meets weekly, is not open to the public and does not disclose who its members are or even how many there are.
JPMorgan is expected to lay off up to 3,000 of WaMu's 4,200 Seattle workers, including a group that will receive bonuses to stay through a transition period. JPMorgan acquired Washington Mutual's banking operation after the Federal Deposit Insurance Corp. seized the thrift in September.
Melissa Allison: 206-464-3312 or mallison@seattletimes.com
Copyright
No I don't when but if you read back the article came a prior post and I think it came from the Yahoo Board. Go WAAAAMUUUUUUUU
I'am glad you don't work for me. Our system is not totally evil just some of the players. Good coporate policy is dicdated from the top and sometimes it is makes more economic sense to follow the law and do the right thing.
Wow What a couple cynics. I would agree but I think he is to exposed. He will have to follow the Law enough to get bye.
Sorry Jamie Dimon not Diamond
IMO Monday is the big day. Diamond has been demonized. Monday when he meets with WM employees, he will do his appropriate healing. He would not meet with them in public without something in hand. The commercials I have been seeing are also placing WM as a part of Chase, with its identification intact. He will give to the shareholders and employees and rationalize his numbers but all will not be satisfied but a critical mass will be. Your quess is as good as mine, 6-10 on common 500 on p Thanks to you all for all your dd. lol eom
This is more fun than going to the Track GOOOOOOOOOOOOO WAAAAAMMMMMMMMUUUUUUUUUUU
Hey You finnally got into a good stock try wampq as well
Why do i need to refute later and to whom
No matter what you say to trash this stock. The are too many stockholders to wipe out. The losses alone would put stress on the system, if the debt was not covered by the government package.
Loadup the wheel barrel