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Post# of 733055
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dragon52

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dragon52

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Re: longhaulq post# 231529

Friday, 08/20/2010 2:11:26 PM

Friday, August 20, 2010 2:11:26 PM

Post# of 733055
LOL... logic is out the door huh?

so true... it just makes too much sense for the FDIC to cover their behind and take care of numero uno.

They are not going to say they miscalculated, they never asked for a price for WAMU. It was said that JPM was the only one that made an offer.

The FDIC will simply state that they accepted the "down-payment" for initiating the transaction, but fair market price for everything that was taken will be $X-amount of Billions more... it would be great if it were more than or equal to at least $100 BILLION! Then the FDIC wouldn't have to tap into the treasury... LOL

DRAGON~52

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