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Re: wwhatthe post# 436917

Wednesday, 09/30/2015 1:19:16 AM

Wednesday, September 30, 2015 1:19:16 AM

Post# of 730428
$1.88 bln. not for everything! This confirms what I've said in many other posts, especially the following one:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=115803973

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From https://books.google.de/books?id=YPfwCAAAQBAJ&pg=PA159#v=onepage&q&f=false

At the auction a uniform package is offered to bidders. This package consists of deposits and other nonsubordinated liabilities and a like amount of assets, less the amount of the premium bid.



And bloomberg IMO also confirmed it in 2008:

http://www.bloomberg.com/bw/stories/2008-09-26/jpmorgan-chase-to-buy-washington-mutualbusinessweek-business-news-stock-market-and-financial-advice

In a deal brokered by the federal government, JPMorgan Chase will pay $1.9 billion for deposits and branches. WaMu depositors will be protected

For his $1.9 billion, Dimon gets WaMu's deposits along with $176 billion of home loans, on which JPMorgan is expected to lose some $31 billion.



Thanks wwhatthe!
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