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Re: p_chen post# 71774

Saturday, 05/16/2009 1:16:00 AM

Saturday, May 16, 2009 1:16:00 AM

Post# of 737260
p- chen: in this response you got back from a$$ he states that wm assets were auctioned off. to my memory these assets werent auctioned off, they were given to or sold to jpm. When WM was seized and auctioned off by regulators, it was worth precisely what someone was willing to pay for it -- no more, no less. Had some other company bid $1.95 billion or $1.901 billion, *that's* what the assets
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