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JohnnyWinter

11/01/09 5:58 PM

#117201 RE: Billiam_2 #117200

Bonderman converted to commons in order to help WMI (not WMB or fsb like some suggest), I repeat, to help WMI sell itself.

I suggest you familiarize yourself with what assets were part of the bank, because the Providian Bank/Card business now belong to JPM and those assets were indeed part of WMB, now JPM.

JPM got everything they wanted, and they will not be buying WMI.

Killinger should have sold when he had the chance.
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sometimes_right

11/01/09 6:00 PM

#117205 RE: Billiam_2 #117200

this FACT puts to rest ALL naysayer's flawed arguments... good post
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Chiron

11/01/09 6:09 PM

#117216 RE: Billiam_2 #117200

Excellent post as usual Billiam.
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ILVMNY

11/01/09 6:35 PM

#117233 RE: Billiam_2 #117200

Very well put.
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warcton

11/01/09 7:09 PM

#117256 RE: Billiam_2 #117200

Good Post!

I look forward to finding out what happened to those subs.

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fsshon

11/01/09 7:36 PM

#117267 RE: Billiam_2 #117200

Billiam, P_chen, Diamond and others. I am going to combine my post on Bonderman and the other replies and theories on this subject into 1 post.
I will title it
Theories on TPG Conversion.

If anyone has any info they would like to see in the post, I'll take a look at it.. I will then re-post the finished piece and let one of the other mods sticky it if they want it to be up there. I have recieved some interesting replies to "my moment" and look forward to putting this in the post. We can all really move the ball forward when we have a good subject to work upon and on.
Thanks to all for your suggestions and replies.

We only get 3 sticky posts for this board. So we are limited in what we can post

~Fish~
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JV44

11/01/09 10:17 PM

#117295 RE: Billiam_2 #117200

I SECOND THIS MOTION!!!
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The Yogi

11/01/09 11:05 PM

#117297 RE: Billiam_2 #117200

Bill, Great post!!!
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WaS

11/02/09 3:03 AM

#117308 RE: Billiam_2 #117200

Bonderman never owned stock in WMB. From everything I read only WMI owned stock in the bank.

I'm pretty sure people have dig up documents showing that by the time of the seizure Providian was owned by WMB. If that's the case then WMI's only course of action is what we're seeing, which is going after the FDIC for taking it without paying for it.