Niner

On WaMu's Birthday, JPMorgan Takes the Cake

Was the takeover of WM necessary; or was it a nudge from the Bush Boys to get Congress to accept anything?

I do believe he is capable. I voted for that basta__ once; but, I do not trust him any farther than I can throw a bull by the tail. Even though I have the tendency to lean toward the Elephant, the Donkey is looking more and more like my kind of ride.

Hurry up election and the new president. It can't happen to soon.

I find it hard to believe WM could not have made it just alittle longer. And, benefited from the eventual Bailout.

Oops, I need to go puke!

Paulson/Bernanke: $700 Billion at 'Hold to Maturity' Pricing

Are they telling me that these thirsty financial institutions are going to get pissey because they are being offered a drink of cheap water.

If they need to dump all that bad paper (illiquid assets...who dreams up that crap) they'll come running to the watering hole.