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View Full Version : Tighten down your jock strap....here we go again

AL P
09-17-2008, 04:19 PM
WaMu puts itself up for sale, report says

Goldman started auction for nation's largest thrift several days ago

By Alistair Barr, MarketWatch

Last update: 4:51 p.m. EDT Sept. 17, 2008Comments: 121SAN FRANCISCO (MarketWatch) -- Washington Mutual, the nation's largest thrift, has put itself up for sale, the New York Times reported on Wednesday, citing unidentified people briefed on the matter. Goldman Sachs, which has been hired to advise WaMu, started an auction several days ago, the newspaper reported. Potential bidders that Goldman has talked to include Wells Fargo, J.P. Morgan Chase and HSBC, the paper said. The Wall Street Journal reported that Citigroup and Wells Fargo have expressed an interest in buying WaMu. A spokesman for WaMu did not immediately return an email seeking comment on Wednesday afternoon. WaMu shares fell 13% to $2.01. The stock rallied 11% to $2.23 during after-hours action.

Alistair Barr is a reporter for MarketWatch in San Francisco
AL P
09-17-2008, 04:27 PM
Morgan Stanley and Wachovia to merge? Dogs and cats living together...MASS HYSTERIA!!!
Geor!
09-17-2008, 04:28 PM
I'm thinking about putting myself up for sale next week.
FreightTrain
09-17-2008, 04:31 PM
There ain't going to be very many American owned companies left after the Arab oil tycoon's go on a shopping spree. I think they are on the side lines waiting for the buy one get two free specials to start running.
topher
09-17-2008, 04:33 PM
Morgan Stanley and Wachovia to merge? Dogs and cats living together...MASS HYSTERIA!!!
You sound like those fellas that took a meeting with the mayor of NY years ago. :D
Paladin
09-17-2008, 04:37 PM
The sooner this crap gets settled the better. I retire from the PD in 9 years, this stuff needs to cleared up before I leave.
lowthreeohz
09-17-2008, 04:40 PM
LOL. We'll be a foreign owned country in no time.

Canadia, here I come? LOL!
46Tbird
09-17-2008, 05:01 PM
I want the government to buy me, and merge me with Sarah Palin. You gotta admit, 2008 is a fun year.
Vertnut
09-17-2008, 06:28 PM
If you think it's fun now, just wait and see what happens if Barry gets into the "Big Crib"... :cool:
PWTRTXSS
09-17-2008, 06:37 PM
If you think it's fun now, just wait and see what happens if Barry gets into the "Big Crib"... :cool:

It will happen no matter who gets the "Big Crib". I find it hard to believe that anyone wants to be President these days. I bet Bush can't wait to move his shit out.
Vertnut
09-17-2008, 06:41 PM
It will happen no matter who gets the "Big Crib". I find it hard to believe that anyone wants to be President these days. I bet Bush can't wait to move his shit out.
True. It's either a no-win situation, or someone has the chance to be a hero. We are almost to the point where there is nowhere to go, but up. We just can't stand more taxes in any form or fashion, and we need to drill anywhere we possibly can.
MadMax404m
09-17-2008, 07:29 PM
True. It's either a no-win situation, or someone has the chance to be a hero. We are almost to the point where there is nowhere to go, but up. We just can't stand more taxes in any form or fashion, and we need to drill anywhere we possibly can.


I cannot believe I have not seen a thread yet on the new drilling policy that congress voted in.

I wouldn't go as far as a "fun" year, interesting but I bet 99% of the pop. will disagree with fun :p
Vertnut
09-17-2008, 07:38 PM
I cannot believe I have not seen a thread yet on the new drilling policy that congress voted in.

I wouldn't go as far as a "fun" year, interesting but I bet 99% of the pop. will disagree with fun :p
Bush will VETO it.
thesource
09-17-2008, 08:59 PM
2008 has definately been interesting to say the least .......
jakesford
09-17-2008, 09:32 PM
There ain't going to be very many American owned companies left after the Arab oil tycoon's go on a shopping spree. I think they are on the side lines waiting for the buy one get two free specials to start running.

They're not going to touch any of these "financial intermediaries" thats just not a very good investment. :p
Slammy
09-18-2008, 04:01 AM
True. It's either a no-win situation, or someone has the chance to be a hero. We are almost to the point where there is nowhere to go, but up. We just can't stand more taxes in any form or fashion, and we need to drill anywhere we possibly can.

why so they can just export it to china and india? They dont have to sell it here, they are a business and they will sell it where its worth more. We export alot of the oil we do drill right now, driling for more is just going to increase their profits.

I used to think drilling would drop our prices way down and then i started reading about how much of our oil gets exported now.
Yale
09-18-2008, 04:26 AM
Fuck waiting for any "them" to figure this mess out. It's time for all of us to start acting like we're a part of a global economy, and live within the socioeconomic means we've selected for ourselves. The American boom is over. Anyone that wants it easy from here on out can get their money like the Red Cross, as far as I'm concerned.
Hmbre97
09-18-2008, 02:39 PM
Wow, WAMU is up 60% right now. Glad I loaded up last week at $1.90 :)
01WhiteCobra
09-18-2008, 04:39 PM
Wow, WAMU is up 60% right now. Glad I loaded up last week at $1.90 :)

Hope you sold.
Vertnut
09-18-2008, 04:42 PM
why so they can just export it to china and india? They dont have to sell it here, they are a business and they will sell it where its worth more. We export alot of the oil we do drill right now, driling for more is just going to increase their profits.

I used to think drilling would drop our prices way down and then i started reading about how much of our oil gets exported now.
Even exporting it is better than importing it. I'd rather have 3,562 full tankers floating out in the ocean, than us relying on OPEC for oil.
BYBOTIE
09-18-2008, 04:46 PM
WAMU is taking the fucking they deserve from all the shit paper that Longbeach wrote. Those clowns should go belly up.
46Tbird
09-18-2008, 04:51 PM
why so they can just export it to china and india? They dont have to sell it here, they are a business and they will sell it where its worth more. We export alot of the oil we do drill right now, driling for more is just going to increase their profits.

I used to think drilling would drop our prices way down and then i started reading about how much of our oil gets exported now.Are you familiar with the concept of supply and demand? lol

The point is to flood the entire market with oil... we will get ours cheaper as will other countries.
AL P
09-18-2008, 05:40 PM
Easy with the WAMU talk, I bought 100 shares this morning just for fun.

Besides, the Feds are going to make everything better. You guys and your silly doom and gloom talk. What's a few billion in bad debts these days anyway, hell that's nothing!!
Hmbre97
09-19-2008, 05:21 PM
Hope you sold.

WAMU closed @ $4.25 today thanks to the short selling ban. When I bought, I was hoping for a buyout but I'll take whatever money I can get. I'm gonna hold until (A) a buyout or (B) the short ban expires. I did almost pull the trigger though when it opened today.

Wish I would have bought more now.
AL P
09-19-2008, 05:50 PM
WAMU closed @ $4.25 today thanks to the short selling ban. When I bought, I was hoping for a buyout but I'll take whatever money I can get. I'm gonna hold until (A) a buyout or (B) the short ban expires. I did almost pull the trigger though when it opened today.

Wish I would have bought more now.

I bought some too but the party is far from over.
01WhiteCobra
09-19-2008, 06:05 PM
WAMU closed @ $4.25 today thanks to the short selling ban. When I bought, I was hoping for a buyout but I'll take whatever money I can get. I'm gonna hold until (A) a buyout or (B) the short ban expires. I did almost pull the trigger though when it opened today.

Wish I would have bought more now.

Hope you sell quick.