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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (150496)	9/25/2008 7:18:00 PM
From: Jim McMannis	Read Replies (2) \| Respond to of 306849

could JPM end up holding the bag? Not if they just take the assets.

To: MulhollandDrive who wrote (150496)	9/25/2008 7:21:52 PM
From: nextrade!	Read Replies (1) \| Respond to of 306849

could JPM end up holding the bag in essence, isn't JPM the Fed?

To: MulhollandDrive who wrote (150496)	9/25/2008 7:26:01 PM
From: Think4Yourself	Read Replies (2) \| Respond to of 306849

JPM is buying THE DEPOSITS of WaMu, and some of the branches, not WaMu. Looks like the shareholders are getting zip. thestreet.com JP Morgan Chase(JPM Quote - Cramer on JPM - Stock Picks) will reportedly buy the deposits of troubled bank Washington Mutual(WM Quote - Cramer on WM - Stock Picks), as well as some WaMu branches, in a deal brokered by the federal government. The Wall Street Journal's online version reported late Thursday that the transaction would not affect the funds of the Federal Depsoit Insurance Corp. JP Morgan will offer more details in a conference call at 9:15 p.m. EDT.