Top 1%
WaMu taken over this weekend?
Started Sep 12 at 3:47 ET (By beancounter)
Well, it's "asset seizure Friday" and in order for WM to open back up on Monday the FDIC will be knocking on its doors sometime tonight - probably 7:30-8 ish East Coast time. The question is... will this be seen as a positive by the market - meaning another junk bank has been removed from the sector and the market opens up? Or is this going to be the harbinger of another round of vicious selling...
This post is more than 60 days old. Replying to it might be confusing for other members reading the discussion.
By all means, keep the ball rolling and post a new opinion.
Top 4%
Gurughantal
Sep 12 at 3:53 ET
If JPM buys them for $5.00+ market will be positive. Same goes for LEH, if someone buys LEH for $7.00+ we will see rally on Monday.
Top 2%
TopTrader
Sep 12 at 4:38 ET
I heard LEH was in talks with BAC. WM, I've heard less about, so nothing to contribute.