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NY Kev

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NY Kev

Re: None

Tuesday, 03/16/2010 12:55:36 PM

Tuesday, March 16, 2010 12:55:36 PM

Post# of 729564
So if I am reading this correctly -- JP Morgan paid 1.9 billion for Washington Mutual (which we all know and is a fact). Now in the settlement they get 2.1 billion in cash and 4 billion in securities. So basically in the end they are being paid 4.1 billion for committing the largest bank robbery in history... ALL Just My Opinion....Hopefully the bond holders have a calculator and can see this is not a good deal.


http://blogs.wsj.com/bankruptcy/2010/03/16/deal-or-no-deal-wamu-edition/
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