InvestorsHub Logo
icon url

ThePennyTrader

05/12/09 7:07 PM

#71047 RE: jackson227 #71044

JPM acquired most of the banks assets and some of its liabilities, leaving the holding company with virtually nothing but senior debt and a NAME. You can phrase it however you want but the fact is that JPM now OWNS pretty much everything that was Wamu bank's business.