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DudeBug

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DudeBug

Re: Lawrence 147 post# 178442

Monday, 03/22/2010 3:29:20 PM

Monday, March 22, 2010 3:29:20 PM

Post# of 731897
Good analogy. One thing I keep trying to figure out is how does Rosen/JPM/FDIC plan to take care of the WMB bondholders?

I know WMI doesn't have to but I just feel like Rosen will work with his JPM & FDIC pals to calm those bondholders so they don't tie everyone up in ligitation for years on end.

The FDIC has some cash to partially pay them but my guess is they offer them JPM shares. If they do that, why would they not also offer WAMU equity JPM shares so that it would settle each and every party in this bank situation.
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