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Re: dm57 post# 62007

Tuesday, 03/31/2009 3:58:24 PM

Tuesday, March 31, 2009 3:58:24 PM

Post# of 729255
That is not much of a riddle though, right? I mean, jeeese, how obvious? I think the trend is merger and consolidation as a clear way to clean up the banking system. That is happening and it's very clear.

WMI has every thing in place to survive so the commons are good as gold, though the price may not rocket past .50 or so until after the creditors are paid off or some arrangements are made out of the BK court. The preferreds will move differently based on JPM's settlement offer or forced deal by the FDIC or the Treasury. I don't really know though.


Your line has to be in the water to catch a big one.

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