Vobogeck

Did the FDIC Sabotage WaMu's Management and Erode Investor Confidence?

I agree with the previous post. It is nauseating to see the gloating from JPM that the WM acquisition will be accretive to the tune of 50 cents a share.

What Have You Done, Jamie Dimon?

Because depositors withdrew $16 billion from their accounts in less than a week. WM had no liquid assets left. A classic run on the bank. The biggest mystery is why the Feds have not increased deposit insurance to $250k and then extensively communicated through TV ads, etc that this insurance is available to depositors in ALL financial institutions.

Five Stocks to Own Now that the Dow Has Bottomed

A bank selling first mortgages for 22 cents on the dollar is panicing too. This implies that a foreclosed home is only worth 22 cents on the dollar. Are there any posters out there willing to sell me their home at 22 cents on the dollar value of their mortgage?