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warcton

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warcton

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Monday, 11/08/2010 10:00:08 PM

Monday, November 08, 2010 10:00:08 PM

Post# of 730301
"Tremendous value in Wamu"-Sheila Bair

http://video.nytimes.com/video/2008/09/26/business/1194818812900/bair-on-washington-mutual-s-failure.html

Listen at 3mins 50 secs

"I know JP Morgan and they aren't the Red Cross"

"No they aren't, there was tremendous value in the deposit branches"-Sheila Bair

At 2 mins 35 secs

"There will be losses obviously, the equity shareholders and sub and senior noteholders will be taking haircuts on this"-Sheila Bair

Haircuts for equity?
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