Comments on: Search on for WaMu Buyer http://www.nakedcapitalism.com/2008/09/search-on-for-wamu-buyer.html Sun, 22 Nov 2009 22:11:10 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Blackmike313 http://www.nakedcapitalism.com/2008/09/search-on-for-wamu-buyer.html#comment-16077 Blackmike313 Fri, 19 Sep 2008 15:58:00 +0000 http://www.nakedcapitalism.com/2008/09/search-on-for-wamu-buyer/#comment-16077 Im sorry but the Government has been taken over by the Federal Reserve and the central banks. They are bailing out these corporations but in actuality they are buying the country and its people. They now own most of the mortgages and with these bail outs we will be forced to pay the bill involuntarily. And the sad part of it all is that we as Americans will let it happen because the average person has been so dumbed down by the education system they can't understand whats going on. Regular working people can't afford anything and the ones that are unemployed can't find a job that pays enough to put the fuel in their vehicle to get there. <br/><br/>We have been screwed, We have been divided in this country by race far too long and that has been the major smoke screen that the Illuminati has used to distract us from the real issues. We are f*cked!!! Im sorry but the Government has been taken over by the Federal Reserve and the central banks. They are bailing out these corporations but in actuality they are buying the country and its people. They now own most of the mortgages and with these bail outs we will be forced to pay the bill involuntarily. And the sad part of it all is that we as Americans will let it happen because the average person has been so dumbed down by the education system they can’t understand whats going on. Regular working people can’t afford anything and the ones that are unemployed can’t find a job that pays enough to put the fuel in their vehicle to get there.

We have been screwed, We have been divided in this country by race far too long and that has been the major smoke screen that the Illuminati has used to distract us from the real issues. We are f*cked!!!

]]> By: Anonymous http://www.nakedcapitalism.com/2008/09/search-on-for-wamu-buyer.html#comment-15839 Anonymous Thu, 18 Sep 2008 04:09:00 +0000 http://www.nakedcapitalism.com/2008/09/search-on-for-wamu-buyer/#comment-15839 "9/17/08 - Guys, update from my source whose information has been pretty good...<br/><br/>He has not waivered since my original post until today when he says that the FDIC will not take WM down this friday, too much bad has happened this week. They want to find a buyer if they can and need more time.<br/><br/>It has been postponed 1 week for now."<br/><br/>http://tinyurl.com/4nbhh9 “9/17/08 – Guys, update from my source whose information has been pretty good…

He has not waivered since my original post until today when he says that the FDIC will not take WM down this friday, too much bad has happened this week. They want to find a buyer if they can and need more time.

It has been postponed 1 week for now.”

http://tinyurl.com/4nbhh9

]]> By: bg http://www.nakedcapitalism.com/2008/09/search-on-for-wamu-buyer.html#comment-15807 bg Thu, 18 Sep 2008 01:22:00 +0000 http://www.nakedcapitalism.com/2008/09/search-on-for-wamu-buyer/#comment-15807 Overheard someone in an elevator in Seattle today saying they pulled all of their money our of their WAMU account. I quized him, and he said "I can't afford to have my money tied for a couple of months at FDIC".<br/><br/>Last night at a school event for my kids gentlemen were talking about how they "closed all their money market accounts moved to treasuries".<br/><br/>The run-on-the-bank is underway. Overheard someone in an elevator in Seattle today saying they pulled all of their money our of their WAMU account. I quized him, and he said “I can’t afford to have my money tied for a couple of months at FDIC”.

Last night at a school event for my kids gentlemen were talking about how they “closed all their money market accounts moved to treasuries”.

The run-on-the-bank is underway.

]]> By: satan http://www.nakedcapitalism.com/2008/09/search-on-for-wamu-buyer.html#comment-15779 satan Wed, 17 Sep 2008 22:14:00 +0000 http://www.nakedcapitalism.com/2008/09/search-on-for-wamu-buyer/#comment-15779 Can I buy WaMu on ebay? *S* Can I buy WaMu on ebay? *S*

]]> By: mxq http://www.nakedcapitalism.com/2008/09/search-on-for-wamu-buyer.html#comment-15772 mxq Wed, 17 Sep 2008 21:19:00 +0000 http://www.nakedcapitalism.com/2008/09/search-on-for-wamu-buyer/#comment-15772 CNBC just said they are going to auction themselves off.<br/><br/>Maybe they'll do it through ebay.<br/><br/>Of course, i have a feeling they'll only accept bids if the buyer has a paypal account. Just a hunch.<br/><br/>n/p CNBC just said they are going to auction themselves off.

Maybe they’ll do it through ebay.

Of course, i have a feeling they’ll only accept bids if the buyer has a paypal account. Just a hunch.

n/p

]]> By: AG http://www.nakedcapitalism.com/2008/09/search-on-for-wamu-buyer.html#comment-15771 AG Wed, 17 Sep 2008 21:15:00 +0000 http://www.nakedcapitalism.com/2008/09/search-on-for-wamu-buyer/#comment-15771 TSLF blowout:<br/><br/>http://www.aleablog.com/tslf-disaster/<br/><br/>Gimmicks don’t work, Ben.<br/>Collateral type 2 for 28-day: most auctions cleared around 25 bp, today’s was 300 bp !<br/>Collateral type 2 for 14-day : 250 bp !<br/>I forgot the bid-to-cover ratio: 4 times recent numbers. TSLF blowout:

http://www.aleablog.com/tslf-disaster/

Gimmicks don’t work, Ben.
Collateral type 2 for 28-day: most auctions cleared around 25 bp, today’s was 300 bp !
Collateral type 2 for 14-day : 250 bp !
I forgot the bid-to-cover ratio: 4 times recent numbers.

]]> By: Hu Flung Pu http://www.nakedcapitalism.com/2008/09/search-on-for-wamu-buyer.html#comment-15769 Hu Flung Pu Wed, 17 Sep 2008 21:08:00 +0000 http://www.nakedcapitalism.com/2008/09/search-on-for-wamu-buyer/#comment-15769 I just heard a rumor from a well-connected friend that the following are being bantered about among the principals:<br/><br/>(1) Merger of Wachovia and Morgan Stanley<br/>(2) Citigroup and JP Morgan splitting up the WaMu franchise<br/><br/>Now, where these clowns get the capital to do such proposed deals is another question. I just heard a rumor from a well-connected friend that the following are being bantered about among the principals:

(1) Merger of Wachovia and Morgan Stanley
(2) Citigroup and JP Morgan splitting up the WaMu franchise

Now, where these clowns get the capital to do such proposed deals is another question.

]]> By: Jesse http://www.nakedcapitalism.com/2008/09/search-on-for-wamu-buyer.html#comment-15762 Jesse Wed, 17 Sep 2008 20:30:00 +0000 http://www.nakedcapitalism.com/2008/09/search-on-for-wamu-buyer/#comment-15762 China appears to be displeased and this was BEFORE AIG.<br/><br/>http://tinyurl.com/goodbyeDollar China appears to be displeased and this was BEFORE AIG.

http://tinyurl.com/goodbyeDollar

]]> By: Abbott_Of_Iona http://www.nakedcapitalism.com/2008/09/search-on-for-wamu-buyer.html#comment-15761 Abbott_Of_Iona Wed, 17 Sep 2008 20:19:00 +0000 http://www.nakedcapitalism.com/2008/09/search-on-for-wamu-buyer/#comment-15761 Sorry OT<br/><br/>From Bloomberg<br/><br/>"JPMorgan Chase & Co. gave $138 billion this week in Federal Reserve-backed advances to the broker dealer unit of Lehman Brothers Holdings Inc. to settle Lehman trades and keep financial markets stable amid the biggest bankruptcy in history, according to a court filing"<br/><br/>Does this mean that the Fed DID provide a loan for Lehman??<br/><br/>Didn't Paulson say categorically that was not the case? Sorry OT

From Bloomberg

"JPMorgan Chase & Co. gave $138 billion this week in Federal Reserve-backed advances to the broker dealer unit of Lehman Brothers Holdings Inc. to settle Lehman trades and keep financial markets stable amid the biggest bankruptcy in history, according to a court filing"

Does this mean that the Fed DID provide a loan for Lehman??

Didn't Paulson say categorically that was not the case?

]]> By: max http://www.nakedcapitalism.com/2008/09/search-on-for-wamu-buyer.html#comment-15760 max Wed, 17 Sep 2008 20:15:00 +0000 http://www.nakedcapitalism.com/2008/09/search-on-for-wamu-buyer/#comment-15760 <i>For example, they can assume that market conditions will be more favorable for asset sales in the future, so that a buyer will eventually take the assets held in conservatorship, thereby reducing the cash cost to the insurance fund.</i><br/><br/>This shell game will no longer work, because now the FDIC has to actually convince the potential buyers that the conditions will be "mo favorable". A year ago this could work, but now nobody is that gullible. For example, they can assume that market conditions will be more favorable for asset sales in the future, so that a buyer will eventually take the assets held in conservatorship, thereby reducing the cash cost to the insurance fund.

This shell game will no longer work, because now the FDIC has to actually convince the potential buyers that the conditions will be “mo favorable”. A year ago this could work, but now nobody is that gullible.

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