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Re: dmceng post# 93459

Tuesday, 09/08/2009 11:40:39 AM

Tuesday, September 08, 2009 11:40:39 AM

Post# of 749756
i think the only thing wmi will take is cash. they dont want jpm stock. what stops jpm from r/s after the deal is done and wiping people out? why would wmi go thru the riggers of changing the name and better yet reissuing cayman preferred stock back in sept to "WMI" stock symbol? but why, when weil had the 4.4 bil coming back to him did he let jpm keep it? maybe he knew jpm was teetering and jpm was better "first string" than "injured reserved." weil allowed jpm to build up wealth from its mortgages, deposits, etc. and they are now ready for the kill. so who will pay? jpm will pay something but it will never be made public. jpm stock should be where gs is right now. but with the madoff funneling of funds and the freezing of jpm accounts in italy and france they are stagnant. where will they get the money? fdic to the rescue!!!! wmi, in my opinion only wants cash. no trust there. just cash. why would they allow a stock swap of any kind with the enemy? they wouldnt unless jpm was buying the whole shootin match. they are not. they got their banks and that is all they wanted. i say fdic pays out in cash for wmi banks plus damages and admits fault. leaving jpm out of it. then when the global settlement is in motion and the funds are unfrozen from jpm accounts in italy and france, this money is then returned to fdic thru the backdoor in repayment. since it has already been accounted for they wont disclose the repayment to fdic, so not to disturb their share structure and shareholders will not be diluted. they wont harm themselves and a shell game of money payouts to every country and company harmed by this fiasco is payed out. to include leh. our govt has already admitted fault in not backing up the barclay bid in time to save leh. but they still are blaming the u.k. for the miscommunication. yea right!! miscommunication my ass. we can go to london and do a credit card transaction and the money is out before we return to the states, but they had a miscommunication over backing leh with the u.k? what a joke! the parlay is alive as well. so get in on it while the p's are low!!!

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