I agree with you on a more common sense approach on a buyout. I would give it a estimate of 1.75 - 3.25 PPS. But I really feel that WAMU is not wanting a buyout, I believe want back what's there's. They felt they were solvent when the FDIC snatched them up for no reason, especially when just receiving billions of dollars from TPG that I don't think anyone was aware of at that time. This thing is going to get wild between NOW - Dec 15th. Merry Christmas!! - Maybe!! JMHO