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Re: SamuraiProgrammer post# 122795

Sunday, 11/29/2009 1:29:02 PM

Sunday, November 29, 2009 1:29:02 PM

Post# of 734100
Samuri,I can not understand why WMI would even consider selling the rest to JPM. In my world,that just does not make sense, considering the hand that WMI now has. The offer for JPM to buy WMI would have been December of 2008 and that train left the station and will never return.

I would make JPM pay for their ill gotten gains in cash/stock, collect from the FDIC or push to a jury trial. We know they can not actually go to trial due to all of the corruption, so they will pay.

Once WMI has all of the stock/cash, they can stay in business, start a new business or put themselves up for sell during chapter 11 and sell out to the highest bidder. If WMI's cash pile equalled $25.00 a share after liabilities, a company like GS, MS or WFC would gladly pay twice that amout in their stock for the cash pile in today's environment.
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