Hi what do you make of this news my friend, Imo I think wamuq will win In the end and It's share holders because the bailout package bill and the bankruptcy court will help out In the final tally imo, jmho!
WAMUQ News DJ Washington Mutual Final Debt Recovery Rate Belo...
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News for 'WAMUQ' - (DJ Washington Mutual Final Debt Recovery Rate Below Expected)
NEW YORK (Dow Jones)--Sellers of credit protection on the default of Washington Mutual Inc. (WAMUQ) will have to pay 43 cents on the dollar, according to the final results of an auction to set the value of the failed bank's debt.
The final price for the senior debt at Thursday's auction was set at 57 cents on the dollar. That's below the 63.625-cent midpoint gleaned from bids early in the day.
Administrators Creditex and Markit published the results of the auction on their Web site, www.creditfixings.com
, at 2:00 p.m. EDT.
International Swaps and Derivatives Association, an industry group, reported 519 parties signed up to settle contracts under the terms of this auction, including large international firms, troubled U.S. insurance giant American International Group (AIG) and, in an interesting twist, WaMu's new owner, JP Morgan Chase (JPM).
-By Emily Barrett, Dow Jones Newswires; 201-938-2248; emily.barrett@dowjones.com
To get Fibonacci Retracement Support and Resistance for a stock click here and enter symbol. http://www.ddmachine.com/default.asp This Is only my opinion posted here please due not buy or sale a stock base on my opinion. For practice or educational purp
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