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Friday, January 22, 2010 12:57:14 PM
"Starke believes Washington politicians and regulators will be hesitant to reward vulture investors who have bought WaMu securities on the cheap following its 2008 bankruptcy"
"While shareholders who were “zeroed” by the sudden seizure of their bank are hopeful of what these investigations may reveal, which may include reparations, Jim Cramer’s TheStreet.com states that, “Washington politicians and regulators will be hesitant to reward vulture investors who have bought WaMu securities on the cheap following its 2008 bankruptcy.” Oddly enough this statement comes after the same article recommends investors purchase the distressed senior bonds of Washington Mutual Bank:
WE'RE VULTURES FOR BUYING ON THE CHEAP? WHAT ABOUT ALL THESE CROOKED MM'S THAT HAVE SWINDLED BILLIONS FROM THIS STOCK FOR 18 MONTHS AND CONTINUE TO MANIPULATE IT, OH IT'S OK FOR THOSE HEDGE FUNDS TO MAKE MONEY SHORTING DOWN, BUT WE CAN'T GAMBLE ON THE FACT IT MAY RECOVER?
I'm gonna send this to jon stewart; he loves picking on cramer....we should all do the same.
GLTA
go JOYCE/CROSS/EC
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