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The GidDy uP Kid

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The GidDy uP Kid

Re: DTGoody post# 6981

Thursday, 10/02/2008 8:55:46 AM

Thursday, October 02, 2008 8:55:46 AM

Post# of 731668
Now here's the interesting part Wamu inc. has to mark it's assets at market value. If JP Morgan is able to sell Wamu Bank's loan portfolio to the Federal Government in the bailout deal, they must have to return cash to Wamu Bank and subsequintly Wamu inc. If the $24 billion in positive assets is returned to Wamu inc. share holders @ 1.7 billion shares that would mean $14.11 in cash per share.

WOW $14.11 per share

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