Bankruptcies will become a business style, or a style of doing business for the next few years! lol
There a many people who make money when the bankrupt company chooses to sort out its affairs. In the meantime, newly funded companies step into the markets or larger firms take the market share. It's time for innovation and big changes.
WAMU was taken down by JPM and the FDIC and the settlement will sort out the affairs and the smaller banks can start picking away at JPM Chase's loosing market share in it's various markets. lol It's easy to distinguish one's company from Chase and get clients.
The focus of stock traders can be on the new BKs, banks that are taking over closed banks and even better yet, innovative, well funded new technologies such as new building materials and new communications devices and new internet technologies as well as break through health-related companies. IMHO.
Go Judge Walrath! Rock this house!
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