Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Spekulatius who wrote (31604)	9/25/2008 8:07:48 PM
From: Spekulatius	Read Replies (1) of 78705

JPM buying WM Well they are buying their assets not their liabilities. Smart move. JPM now expands to the west coast in one big scoop for a fraction of the cost it would take to do it organically. WM common and most likely preferred are toast, IMO. Report: JPMorgan to buy WaMu deposits, branches Thursday September 25, 7:52 pm ET Report: JPMorgan to acquire WaMu deposits, some of its branches NEW YORK (AP) -- The Wall Street Journal is reporting that JPMorgan Chase & Co. has struck a deal to acquire the deposits and some of the branches of Washington Mutual Inc., which has been battered by soured mortgages. The paper, citing people familiar with the matter, says the deal brokered by the government will not impact the FDIC insurance fund. The Seattle-based thrift, the nation's largest, has roughly $310 billion in assets and was searching for a lifeline after a credit-rating downgrade further raised questions about its future. Calls to JPMorgan and WaMu spokesmen and federal regulators were not immediately returned. JPMorgan has scheduled a conference call for 9:15 p.m. ET Thursday.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next