Washington Mutual taken over by the Feds

[Thump553]

CNBC just reported that the FDIC is taking over Washington Mutual, the nation's largest thrift tonight. WaMu's accounts and branchs are being transferring to JPMorgan immediately.

Source: WaMu takeover

Coupled with McCain's heavyhanded blundering into the bailout bill negotiations-which interfernce could quite well derail that, tomorrow could be a historic day. And not historic in a good way.

Absent some big changes later tonight, I predict the markets are going to plummet upon opening and continue to do so so long as they remain open tomorrow.

 

[JS80]

Geez finally.

 

[pstylesss]

Time to buy!

 

[jpeyton]

I hope McCain skips out on the debate.

Obama will get a 1 hour prime time town hall with America. A one hour conversation to slam McCain and Bush.

 

[dmcowen674]

Originally posted by: Thump553
CNBC just reported that the FDIC is taking over Washington Mutual, the nation's largest thrift tonight. WaMu's accounts and branchs are being transferring to JPMorgan immediately.

Source: WaMu takeover

Coupled with McCain's heavyhanded blundering into the bailout bill negotiations-which interfernce could quite well derail that, tomorrow could be a historic day. And not historic in a good way.

Absent some big changes later tonight, I predict the markets are going to plummet upon opening and continue to do so so long as they remain open tomorrow.

Another one that I said would happen back in January 2007

This is just the tip of the domino effect.

The bailout is not going to stop this.

A house of cards is a house of cards no matter how many rubber bands you throw around it.

 

[LegendKiller]

Originally posted by: dmcowen674

Originally posted by: Thump553
CNBC just reported that the FDIC is taking over Washington Mutual, the nation's largest thrift tonight. WaMu's accounts and branchs are being transferring to JPMorgan immediately.

Source: WaMu takeover

Coupled with McCain's heavyhanded blundering into the bailout bill negotiations-which interfernce could quite well derail that, tomorrow could be a historic day. And not historic in a good way.

Absent some big changes later tonight, I predict the markets are going to plummet upon opening and continue to do so so long as they remain open tomorrow.

Another one that I said would happen back in January 2007

This is just the tip of the domino effect.

The bailout is not going to stop this.

A house of cards is a house of cards no matter how many rubber bands you throw around it.

Link?

 

[Capitalizt]

Originally posted by: jpeyton
I hope McCain skips out on the debate.

Obama will get a 1 hour prime time town hall with America. A one hour conversation to slam McCain and Bush.

Is that true? Will they still give him the airtime?

 

[LegendKiller]

Originally posted by: Thump553
CNBC just reported that the FDIC is taking over Washington Mutual, the nation's largest thrift tonight. WaMu's accounts and branchs are being transferring to JPMorgan immediately.

Source: WaMu takeover

Coupled with McCain's heavyhanded blundering into the bailout bill negotiations-which interfernce could quite well derail that, tomorrow could be a historic day. And not historic in a good way.

Absent some big changes later tonight, I predict the markets are going to plummet upon opening and continue to do so so long as they remain open tomorrow.

Heavy handed blundering? I'd love to read about that, link?

 

[Craig234]

A little trivia, and a lesson:

Home Savings was a savings and loan which, during the 80's savings and loan crisis, advertised how they were sound because they avoided the riskier investments that put other savings and loans in trouble. They said that their main interest was in solid home loans.

A little later, the riskier S&L's - with bailout - were in better position and WaMu bought Home Savings.

That's what I mean when I say that competitive pressure forces businesses to copy the riskier, bad practices of the weak links that are short-term profitable.

Today, we'd all applaud Home Savings for having a 'solid' business model, but the fact was, the higher risk activities give businesses a leg up at times and affect the industry.

 

[dmcowen674]

Originally posted by: LegendKiller

Originally posted by: dmcowen674

Originally posted by: Thump553
CNBC just reported that the FDIC is taking over Washington Mutual, the nation's largest thrift tonight. WaMu's accounts and branchs are being transferring to JPMorgan immediately.

Source: WaMu takeover

Coupled with McCain's heavyhanded blundering into the bailout bill negotiations-which interfernce could quite well derail that, tomorrow could be a historic day. And not historic in a good way.

Absent some big changes later tonight, I predict the markets are going to plummet upon opening and continue to do so so long as they remain open tomorrow.

Another one that I said would happen back in January 2007

This is just the tip of the domino effect.

The bailout is not going to stop this.

A house of cards is a house of cards no matter how many rubber bands you throw around it.

Link?

I can show a link back to July this year not in this site.

Search works well on this other site so I expect never to have this issue there as I do here

Sun Jul 13, 2008 11:00 pm Economy thread:9-25 Unemployment highest in 7 years

 

[Pliablemoose]

Interesting, the timing is more than a little suspect, all the others were announced on Fridays.

 

[dmcowen674]

Originally posted by: Pliablemoose
Interesting, the timing is more than a little suspect, all the others were announced on Fridays.

Their stock fell below a dollar, they probably could not even cover paychecks anymore much less anything else.

 

[LegendKiller]

Originally posted by: dmcowen674

Originally posted by: LegendKiller

Originally posted by: dmcowen674

Originally posted by: Thump553
CNBC just reported that the FDIC is taking over Washington Mutual, the nation's largest thrift tonight. WaMu's accounts and branchs are being transferring to JPMorgan immediately.

Source: WaMu takeover

Coupled with McCain's heavyhanded blundering into the bailout bill negotiations-which interfernce could quite well derail that, tomorrow could be a historic day. And not historic in a good way.

Absent some big changes later tonight, I predict the markets are going to plummet upon opening and continue to do so so long as they remain open tomorrow.

Another one that I said would happen back in January 2007

This is just the tip of the domino effect.

The bailout is not going to stop this.

A house of cards is a house of cards no matter how many rubber bands you throw around it.

Link?

I can show a link back to July this year not in this site.

Search works well on this other site so I expect never to have this issue there as I do here

Sun Jul 13, 2008 11:00 pm Economy thread:9-25 Unemployment highest in 7 years

You can search posts archived. Where are they? Where is your January 2007 prediction?

 

[dmcowen674]

Originally posted by: LegendKiller

Originally posted by: dmcowen674

Originally posted by: LegendKiller

Originally posted by: dmcowen674

Originally posted by: Thump553
CNBC just reported that the FDIC is taking over Washington Mutual, the nation's largest thrift tonight. WaMu's accounts and branchs are being transferring to JPMorgan immediately.

Source: WaMu takeover

Coupled with McCain's heavyhanded blundering into the bailout bill negotiations-which interfernce could quite well derail that, tomorrow could be a historic day. And not historic in a good way.

Absent some big changes later tonight, I predict the markets are going to plummet upon opening and continue to do so so long as they remain open tomorrow.

Another one that I said would happen back in January 2007

This is just the tip of the domino effect.

The bailout is not going to stop this.

A house of cards is a house of cards no matter how many rubber bands you throw around it.

Link?

I can show a link back to July this year not in this site.

Search works well on this other site so I expect never to have this issue there as I do here

Sun Jul 13, 2008 11:00 pm Economy thread:9-25 Unemployment highest in 7 years

You can search posts archived. Where are they? Where is your January 2007 prediction?

Have no clue, if you can find it all the more power to you.

 

[jpeyton]

Originally posted by: Capitalizt

Originally posted by: jpeyton
I hope McCain skips out on the debate.

Obama will get a 1 hour prime time town hall with America. A one hour conversation to slam McCain and Bush.

Is that true? Will they still give him the airtime?

Ole Miss spent $5+ million, including a lot of private donations, to host the debate.

There are hundred of volunteers and workers who were hired to make sure tomorrow goes off without a hitch.

It's on, with or without McCain.

 

[LegendKiller]

Originally posted by: dmcowen674


Have no clue, if you can find it all the more power to you.

If you can't prove it, then stop posting it. If it isn't written down, it didn't exist. Now STFU.

 

[Slew Foot]

Originally posted by: LegendKiller

Originally posted by: dmcowen674

Originally posted by: LegendKiller

Originally posted by: dmcowen674

Originally posted by: Thump553
CNBC just reported that the FDIC is taking over Washington Mutual, the nation's largest thrift tonight. WaMu's accounts and branchs are being transferring to JPMorgan immediately.

Source: WaMu takeover

Coupled with McCain's heavyhanded blundering into the bailout bill negotiations-which interfernce could quite well derail that, tomorrow could be a historic day. And not historic in a good way.

Absent some big changes later tonight, I predict the markets are going to plummet upon opening and continue to do so so long as they remain open tomorrow.

Another one that I said would happen back in January 2007

This is just the tip of the domino effect.

The bailout is not going to stop this.

A house of cards is a house of cards no matter how many rubber bands you throw around it.

Link?

I can show a link back to July this year not in this site.

Search works well on this other site so I expect never to have this issue there as I do here

Sun Jul 13, 2008 11:00 pm Economy thread:9-25 Unemployment highest in 7 years

You can search posts archived. Where are they? Where is your January 2007 prediction?

FWIW, I remember him saying Wells and WAMU were going to go under sometime last year (I think it was in the housing bubble thread).

 

[smack Down]

Originally posted by: Pliablemoose
Interesting, the timing is more than a little suspect, all the others were announced on Fridays.

Theres not enough Fridays in the year for all the bank failures the FDIC has planned.

 

[Martin]

Originally posted by: smack Down

Originally posted by: Pliablemoose
Interesting, the timing is more than a little suspect, all the others were announced on Fridays.

Theres not enough Fridays in the year for all the bank failures the FDIC has planned.

:laugh:

That was a good one.

 

[dmcowen674]

Originally posted by: Slew Foot

Originally posted by: LegendKiller

Originally posted by: dmcowen674

Originally posted by: LegendKiller

Originally posted by: dmcowen674

Originally posted by: Thump553
CNBC just reported that the FDIC is taking over Washington Mutual, the nation's largest thrift tonight. WaMu's accounts and branchs are being transferring to JPMorgan immediately.

Source: WaMu takeover

Coupled with McCain's heavyhanded blundering into the bailout bill negotiations-which interfernce could quite well derail that, tomorrow could be a historic day. And not historic in a good way.

Absent some big changes later tonight, I predict the markets are going to plummet upon opening and continue to do so so long as they remain open tomorrow.

Another one that I said would happen back in January 2007

This is just the tip of the domino effect.

The bailout is not going to stop this.

A house of cards is a house of cards no matter how many rubber bands you throw around it.

Link?

I can show a link back to July this year not in this site.

Search works well on this other site so I expect never to have this issue there as I do here

Sun Jul 13, 2008 11:00 pm Economy thread:9-25 Unemployment highest in 7 years

You can search posts archived. Where are they? Where is your January 2007 prediction?

FWIW, I remember him saying Wells and WAMU were going to go under sometime last year (I think it was in the housing bubble thread).

:lips: :heart: Thank you for your honesty

Something sadly lacking in here now 🙁

 

[dmcowen674]

Originally posted by: LegendKiller

Originally posted by: dmcowen674


Have no clue, if you can find it all the more power to you.

If you can't prove it, then stop posting it. If it isn't written down, it didn't exist. Now STFU.

July 2004 far back enough for you? 😕

Now STFU 😀

07/23/2004 11:26 AM My Economy thread where I am talking with Vic on the demise of WaMU

 

[LegendKiller]

Originally posted by: dmcowen674

Originally posted by: LegendKiller

Originally posted by: dmcowen674


Have no clue, if you can find it all the more power to you.

If you can't prove it, then stop posting it. If it isn't written down, it didn't exist. Now STFU.

July 2004 far back enough for you? 😕

Now STFU 😀

07/23/2004 11:26 AM My Economy thread where I am talking with Vic on the demise of WaMU

I didn't see any prediction there. Just a hope.


One of these days, GE will die too. Will I win a prize win they do?

 

[dmcowen674]

Originally posted by: LegendKiller

Originally posted by: dmcowen674

Originally posted by: LegendKiller

Originally posted by: dmcowen674


Have no clue, if you can find it all the more power to you.

If you can't prove it, then stop posting it. If it isn't written down, it didn't exist. Now STFU.

July 2004 far back enough for you? 😕

Now STFU 😀

07/23/2004 11:26 AM My Economy thread where I am talking with Vic on the demise of WaMU

I didn't see any prediction there. Just a hope.


One of these days, GE will die too. Will I win a prize win they do?

Here is more that you and your kind have been selectively "forgetting" that I said.

This is what I said in 2004 well before the "Sub-Prime" meltdown

Dave's comment about banks giving away money to developers for massive subdivsions 02/18/2004 09:20 AM

 

[Sinsear]

Originally posted by: dmcowen674

Originally posted by: LegendKiller

Originally posted by: dmcowen674

Originally posted by: LegendKiller

Originally posted by: dmcowen674


Have no clue, if you can find it all the more power to you.

If you can't prove it, then stop posting it. If it isn't written down, it didn't exist. Now STFU.

July 2004 far back enough for you? 😕

Now STFU 😀

07/23/2004 11:26 AM My Economy thread where I am talking with Vic on the demise of WaMU

I didn't see any prediction there. Just a hope.


One of these days, GE will die too. Will I win a prize win they do?

Here is more that you and your kind have been selectively "forgetting" that I said.

This is what I said in 2004 well before the "Sub-Prime" meltdown

Dave's comment about banks giving away money to developers for massive subdivsions 02/18/2004 09:20 AM

You didnt predict anything in that.

The Rich Boys have finally decided there is enough empty shells out there???

I've noticed the prices on the signs drop by as much as $30,000 too as they try to move and fill these "Unsold Homes" as the AT Economy experts like to call them.

What are we going to do with hundreds of thousands of these Mexicans now?

Oh, that's right, that's why we are spending Millions on new bigger Jails.

Nope. No prediction.

 

[LegendKiller]

Originally posted by: Sinsear

Originally posted by: dmcowen674

Originally posted by: LegendKiller

Originally posted by: dmcowen674

Originally posted by: LegendKiller

Originally posted by: dmcowen674


Have no clue, if you can find it all the more power to you.

If you can't prove it, then stop posting it. If it isn't written down, it didn't exist. Now STFU.

July 2004 far back enough for you? 😕

Now STFU 😀

07/23/2004 11:26 AM My Economy thread where I am talking with Vic on the demise of WaMU

I didn't see any prediction there. Just a hope.


One of these days, GE will die too. Will I win a prize win they do?

Here is more that you and your kind have been selectively "forgetting" that I said.

This is what I said in 2004 well before the "Sub-Prime" meltdown

Dave's comment about banks giving away money to developers for massive subdivsions 02/18/2004 09:20 AM

You didnt predict anything in that.

The Rich Boys have finally decided there is enough empty shells out there???

I've noticed the prices on the signs drop by as much as $30,000 too as they try to move and fill these "Unsold Homes" as the AT Economy experts like to call them.

What are we going to do with hundreds of thousands of these Mexicans now?

Oh, that's right, that's why we are spending Millions on new bigger Jails.

Nope. No prediction.

I still haven't seen a prediction about WaMu with a time horizon.