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I also have some shares in WM. I got in at 2.50, and I believe that the bidders for the sale were too skittish because of the unknown amount of bad debt on WM's books. The government will clear all that up, but it will take some time. After it's cleared up, a sale will proceed or they may...

You know, on second thought this neo-RTC idea floating around makes the idea of a sale much more likely, and probably at a higher price. I'll probably pick up some shares tomorrow.

I know that JP offered to buy them at 8 per share back in April, but I think all that's changed now. JP isn't interested in WM unless they can get the government to guarantee it like they did with Bear. Also note that it isn't exactly the banks that are running to WM - it is the government...