Washington Mutual going under:

Hmm, ponder this conspiracy theorists.

Could someone be pulling strings trying to keep the common down as low as possible for a pending buy-out/merger?

Everyone wants to steal a deal these days, why not try to push the value down in hopes to buy cheaper based on emotional weakness?

:D
 
Quote from Trad'nUp:

Hmm, ponder this conspiracy theorists.

Could someone be pulling strings trying to keep the common down as low as possible for a pending buy-out/merger?

Everyone wants to steal a deal these days, why not try to push the value down in hopes to buy cheaper based on emotional weakness?

:D
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you cannot short it so why even say something this moronic.
 
Quote from snowhite:

you cannot short it so why even say something this moronic.
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Some of you guys are complete humorless dicks looking for every opportunity make yourself look smart in your own mind.... :cool:

I could ask you the same thing, but I don't have to. :p
 
Quote from dumpandbasher:

Whoa, Cramer actually made a correct call? Said yesterday that WM was worthless, so I figured yesterday was a short term bottom.
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Makes me even happier that eTrade's systems were so fucked up Friday AM that they couldn't even find that I had WM to sell thus wouldn't accept a sell order....until it was down again. :mad:
 
WM has 19 billion in toxic loans on its balance sheet.

They've approached 5 prospective buyers after putting themselves up for sale, including Carlyle and Blackstone - no takers yet.

They are the largest thrift in the nation. If they go under, it will be the biggest bank failure in history.
 
They really need to add the stock777(c) Bring Back Public Hanging bill to the bailout.

Only the fear of a horrible public death will keep these suits and ties from raping the public.
 
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