InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,525.65
(
1.64%
)
US TECH 100
18,823.60
(
2.85%
)
Dow Jones
40,990.59
(
0.61%
)
Brent Oil
80.46
(
2.41%
)
Bitcoin
66,370.25
(
0.30%
)
Post# of 148479
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

ajtj99

Send PM Follow Ignore
Followers 305
Posts 46029
Boards Moderated 1
Alias Born 08/27/2001

ajtj99

Member Level

Re: None

Monday, 09/15/2008 8:19:51 PM

Monday, September 15, 2008 8:19:51 PM

Post# of 148479
It looks like JPM will let WM be taken over by the FDIC, then assume control of it after they pick it up at the FDIC auction, as they are not in talks with JPM anymore:

http://www.bloomberg.com/apps/news?pid=20601213&sid=a8kPUOWNMyOQ&refer=home

That's a $28-Billion hit on WM, and WM is said to have only about 2-days left to live.

http://www.investorshub.com/boards/board.asp?board_id=1613
AJTJ's Market Pulse
Do your own DD. Void where prohibited. Observed side effects include darkening of the stool, spontaneous amputation, and death. Rosebud.

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up