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Post# of 730209
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JimsZ

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JimsZ

Re: Rumble post# 241658

Friday, 10/15/2010 11:55:45 AM

Friday, October 15, 2010 11:55:45 AM

Post# of 730209
I'm pretty sure that offer was ONLY for WMB, not for WMBfsb &/or any of the other WMI assets. This also doesn't consider all those "unsecured creditors" of WMB that were just "wiped out".

The offer didn't allow JPM to pick & choose what assets/liabilities it wanted. It gave JPM a market where there was no previous market for them! JPM gained a lot more than $4/share X 1.7 billion by this fiasco

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