Replies to post #2848 on Washington Mutual Preferred fka WAMPQ

[mvenom69]

JPM is to well connected with fdic to fail and as far as ford i think they will be the only one to survive and come out of this as the main auto co. they are the only one that does not need the money. If the rest fail as seems to be what is going to happen then ford will be the only American car co. left.

[wpwpoet]

I think we should also remember that only 250 of 720B was given so far. The treasury still is sitting on the rest. this is why the big 3 have been lobbying for more money. they were given 25B and want 25B more.
On another note here...whats going on here...? the stock falls and everyone starts getting scared. did we really expect this to continue to rise? We all know this is a big gamble and the risk is loss. Ok so I made some money on wamuq in the beggining and took all of it and put it on preferreds. I hope and pray I will do well. But the fact is: this is a company that can be wiped out.
Like, Tenn. Rep Corker asked the big 3 at the hearing a couple of days ago. You want 25B more. I want to know which of the 3 of you should survive: since we may not need 3 auto munufacturers in the US.
I ask you " do we really know, this same situation is not occuring with regard to the bank. Signs say yes. signs point directly to socialism or facism. All of our plays here may mean nothing in 2 years. fear of losing some money is nothing compared to freedoms we have been losing and will continue to lose. Think of the idea of central banking and the reprecussions.