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Alias Born | 10/26/2008 |
Monday, November 03, 2008 6:55:07 AM
The Washington Mutual stock play is the best bet I have ever seen, when it comes to investing. When you look at the percentage of gain (potentially)versus the loss (6 cents share), there probably is not a better bet at this time or maybe into the future for many years. For WMI not to be pressing for interest ($700,000 daily) on their 4.2 billion and not fighting these delay tactics, speaks volumes for WMI. Everything is in favor of WMI stock being purchased from $2.00 to $15.00 per share through a stock exchange or another interest submitting a bid, but more than likely it will be JPM to avoid all future litigation. The delay would not have been so long if they were not discussing a deal. I am sure it will be after the election but on or before November 14th due to the judge deciding the fate of the 4.2 billion. If they wait till after the judge decides, WMI could take the money and sue for many billions and JP Morgan may not want to take that gamble. There would be entirely to much bad press for the JP Morgan and the government. The higher powers who prescribed to this sabatoge will now be wanting JP Morgan to settle this quickly before it covers the world news like it already should have. Go ahead JP Morgan, "Make My Life".
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