Im betting next tuesday or wensday will be the big one! since Wamu actually gets the 4.4 Billion in there hands. These might be the last chances to buy
Just imagine that they have Bought the vast number of Shares since the B/K was announced.
All they would need to do is then say a Buyout of WAMUQ is in play and they would add Millions if not Billions of Dollars of Equity Value!
Also, they would remove many, if not all, of these Lawsuits that are being filed.
Not to mention it would have a very positive effect on the Stock Market.
WAMUQ Employees and Shareholders sure would feel better!
Remember it's a "Crisis Of Confidence"!
If JPM has half a brain in their head they would do this.
That's why I think this $5Bil that was just overlooked as a Deposit is a total sham and joke! Do you really think that JPM just overlooked it? Heck no! It was a Collateral Deposit that they wanted to make sure that the Final WAMUQ Deal went though at a later time. Think about it.
Also, notice MM MITR Buying on the Bid.
For whom?
Also, TGP - Texas Pacific Group's Shares are Common Shares ...
So, any type of Plan would most likely have to include Common Shareholders recovering something.
TGP was the Group that Bought something like $6-7Bil of WaMu Stock before the B/K.