Thanks I have too much WAMU info in my brain these days. I have basically recieved the equivalent of a college education in the last year, when it comes to what happened to WAMU (maybe it is because I am a West coaster) I don't know why, I just know that a wrong was committed here and things have to be set right for us to continue on. I will need to have my hard drive erased and re-formatted after this.
With Starke stating "the only way out of this mess is with a 'global settlement'" is telling. Starke pushed bonds (Nov 09), then he pushed the preferreds (Dec Xmas 09, Jan 10) and now he is pushing commons (March 10). It is easy "I can see clearly now that the rain is gone!" I can see all obstacles in my way!
Cramer is scum, he is the one that was given the info to dump WAMU sept 08, now he is telling us all to buy commons. Clarke worked for him then...Global Settlement would not leave out the commons folks! They are now advocating the FDIC pay! Hum!
Clarke had his investors in Bonds, then he told them to sell Bonds at 90-100% FV and move into Preferreds.. Prefs moved up over 500%,, then commons took off. Now commons are up 90% in 2 weeks. As high as 105%.. See what I am saying, there is no where else to go.. Watch the trends.. Watch the volumes and charts. These guys have been and always will be playing this fiddle for everything it is worth..
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