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Bull Trader

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Bull Trader

Re: bowonwing post# 35049

Friday, 09/26/2008 1:18:44 AM

Friday, September 26, 2008 1:18:44 AM

Post# of 55859
Hegelian - interesting. WAMU is bought by JPM - what happens to their employees is what would happen in any merger. Some get canned - some stick around. In a nutshell what happened is the government stepped in and seized the bank because the INCOMPETENT IDIOTS who ran it were going to run it completely into the ground if a deal wasn't made. Clearly the WM management did not possess the capacity to work a deal - so the gov't seized the bank so they could make the deal FOR THEM.... and good thing they did!

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