Washington Mutual going under:

Will Wamu be trading in the pennies come Monday morning?

 

JPM buyin some branches and deposits.

...developing...

 

Conference call at 9:15 EST tonight.

JPMorgan to buy Wamu deposits: report

http://www.reuters.com/article/newsOne/idUSTRE48O9RT20080925

 

WM is done ..FDIC taking them over ..

deposits going to JPM

 

Trading 0.91 at 0.94 after hours now. Initally popped.

 

.78

 

“WaMu’s strong brand and irreplaceable retail banking franchise have enormous potential, especially in today’s environment, and I am thrilled to have this opportunity to create value for shareholders.”



-- Alan H. Fishman, upon his appointment as WaMu’s CEO on September 8, 2008

 

i lost 200K :eek: :eek:

 

.40 wow

 

The queen is dead, long live the queen!!