Comments on: WaMu Downgraded to Junk by S&P http://www.nakedcapitalism.com/2008/09/wamu-downgraded-to-junk.html Mon, 23 Nov 2009 05:03:06 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: mxq http://www.nakedcapitalism.com/2008/09/wamu-downgraded-to-junk.html#comment-15411 mxq Tue, 16 Sep 2008 00:50:00 +0000 http://www.nakedcapitalism.com/2008/09/wamu-downgraded-to-junk-by-sp/#comment-15411 wamu just issued a statement blaming the downgrade on deteriorating mkt conditions and not because of any material change in its financial condition...for whatever that's worth. wamu just issued a statement blaming the downgrade on deteriorating mkt conditions and not because of any material change in its financial condition…for whatever that’s worth.

]]> By: Lune http://www.nakedcapitalism.com/2008/09/wamu-downgraded-to-junk.html#comment-15409 Lune Tue, 16 Sep 2008 00:37:00 +0000 http://www.nakedcapitalism.com/2008/09/wamu-downgraded-to-junk-by-sp/#comment-15409 How long before there's video on CNBC of bank runs at WaMu branches? The WaMu story has been running in the mainstream press all day. It only takes a line at one branch to start the run.<br/><br/>Does the FDIC or the Fed have any contingency plans for how to stop such a run? Aside from closing WaMu's doors? How long before there’s video on CNBC of bank runs at WaMu branches? The WaMu story has been running in the mainstream press all day. It only takes a line at one branch to start the run.

Does the FDIC or the Fed have any contingency plans for how to stop such a run? Aside from closing WaMu’s doors?

]]> By: Anonymous http://www.nakedcapitalism.com/2008/09/wamu-downgraded-to-junk.html#comment-15406 Anonymous Tue, 16 Sep 2008 00:20:00 +0000 http://www.nakedcapitalism.com/2008/09/wamu-downgraded-to-junk-by-sp/#comment-15406 It moved: www.blogs.cfr.org/setser It moved: http://www.blogs.cfr.org/setser

]]> By: Anonymous http://www.nakedcapitalism.com/2008/09/wamu-downgraded-to-junk.html#comment-15405 Anonymous Tue, 16 Sep 2008 00:02:00 +0000 http://www.nakedcapitalism.com/2008/09/wamu-downgraded-to-junk-by-sp/#comment-15405 OT, sorry. What happened to Brad Setser's blog? Did he get plunge protected or IP taken away in handcuffs? OT, sorry. What happened to Brad Setser’s blog? Did he get plunge protected or IP taken away in handcuffs?

]]> By: Anonymous http://www.nakedcapitalism.com/2008/09/wamu-downgraded-to-junk.html#comment-15404 Anonymous Mon, 15 Sep 2008 23:51:00 +0000 http://www.nakedcapitalism.com/2008/09/wamu-downgraded-to-junk-by-sp/#comment-15404 Next weekend is another bank holiday. However, the Fed's bailout window is now closed. <br/><br/>Good Bye WAMU. Next weekend is another bank holiday. However, the Fed’s bailout window is now closed.

Good Bye WAMU.

]]> By: Abbott_Of_Iona http://www.nakedcapitalism.com/2008/09/wamu-downgraded-to-junk.html#comment-15402 Abbott_Of_Iona Mon, 15 Sep 2008 23:32:00 +0000 http://www.nakedcapitalism.com/2008/09/wamu-downgraded-to-junk-by-sp/#comment-15402 Apologies for the "stupid" comment.<br/><br/>I meant to say that it is not just that FDIC will backstop €100k for an individual.<br/><br/>What happens to your local medium sized enterprise ~ they might need to have a current account with $1m ~ just to do business...??? Apologies for the “stupid” comment.

I meant to say that it is not just that FDIC will backstop €100k for an individual.

What happens to your local medium sized enterprise ~ they might need to have a current account with $1m ~ just to do business…???

]]> By: Abbott_Of_Iona http://www.nakedcapitalism.com/2008/09/wamu-downgraded-to-junk.html#comment-15400 Abbott_Of_Iona Mon, 15 Sep 2008 23:27:00 +0000 http://www.nakedcapitalism.com/2008/09/wamu-downgraded-to-junk-by-sp/#comment-15400 ``The bank is operating with adequate capital positions from a regulatory perspective and has demonstrated funding resilience as the deposit franchise has remained stable.''<br/><br/><br/>It may be that "The bank" is operating .... from a regulatory perspective... whart about the Market perspective?... What about regulatory foreberance? <br/><br/>By "deposit franchise" I presume the S&P mean those depositors who were to stupid to get treir money out. “The bank is operating with adequate capital positions from a regulatory perspective and has demonstrated funding resilience as the deposit franchise has remained stable.''

It may be that "The bank" is operating …. from a regulatory perspective… whart about the Market perspective?… What about regulatory foreberance?

By "deposit franchise" I presume the S&P mean those depositors who were to stupid to get treir money out.

]]> By: Abbott_Of_Iona http://www.nakedcapitalism.com/2008/09/wamu-downgraded-to-junk.html#comment-15399 Abbott_Of_Iona Mon, 15 Sep 2008 23:05:00 +0000 http://www.nakedcapitalism.com/2008/09/wamu-downgraded-to-junk-by-sp/#comment-15399 S&P say<br/><br/>"WaMu's holding company liquidity position is currently solidly positioned to meet all of its fixed obligations through 2010"<br/><br/>I say S&P are being economic with the truth.<br/><br/><br/>What do these word mean<br/><br/>"currently"<br/><br/>~ What happens beyond "current"<br/><br/>"solidly"<br/><br/>~ What is this. "Solid" ?? What does it mean?<br/><br/><br/>"positioned"<br/><br/>~ Realtive to what?<br/><br/><br/>This is the end!! S&P say

"WaMu's holding company liquidity position is currently solidly positioned to meet all of its fixed obligations through 2010"

I say S&P are being economic with the truth.

What do these word mean

"currently"

~ What happens beyond "current"

"solidly"

~ What is this. "Solid" ?? What does it mean?

"positioned"

~ Realtive to what?

This is the end!!

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