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Wednesday, June 17, 2009 11:25:37 AM
FDIC IS ALSO LIABLE FOR A LARGE SUM OF $$$$ AND GS KNOWS IT ALONG WITH TPG.
Sorry writing in caps....
TPG could raise the capital to acquire a majority stock 51% and move this company in whatever direction it sees fit. It could attract some new investors [big name] and start building capital to pull wmi out of bk and make it a viable entity again. i am not sure if they would want the banking arm again, the rumor is Alternative Energy and Communications !! TPG has the chinese to funnel money if it is not used in conjunction with any financial banking operations. Chinese are one of the main requests for regulations on the financial industry, this is what Geithner was told when he showed up in Beijing and was virtually laughed right out of the building. Financial regulation is a must if we are to move this market and our financial company stocks back up to where they came from.
The main reason JPM is hanging in there in regards to PPS, is THEY KNOW HOW TO FUDGE THE BOOKS AND MAKE EVERYTHING LOOK ROSY !!!
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