WaMu conservatorship - Friday or Monday morning?

Friday

JPM will buy them....branch network too valuable and would take JPM decades to build that up in the West Coast....

Why buy now when they can buy for pennies once it's nationalized?

interesting comment on JPM but I wonder how much time they have? I know of many people in NY and the investment community who have been pulling dollars out of WaMu - including myself. But now that the national news is starting to cover their problems, I think that they could start seeing a run nationally starting as early as today.

If the run pulls out significant assests they may not be able to last long enough to sell. They already are trying to auction themselves which to me signals a very short time table of solvency.

I'm sure the FED and the government are very anxious to have the bought out this week.. I would not be surprised with behind-the-scenes dealings to get this done, a bank run would start off the next depression..

However, I'm sure the democrats are hoping for the worst so they can usher in the messiah.

bugelrex - please explain why you referenced the democrats in your post. Are you inferring that they have responsibility for this financial crisis or they are rooting for it to happen?

Conversely, do you accept that the Republican administration of the past 8 years is responsible for this crisis?

Messiah huh. What does that make Bush? Satan? And Cheney the hell hound Cerberus?

isnt Palin the one who speaks in tongues?

perfitz,

I only mentioned politics to make you feel at home :)

I think the democrats are secretly hoping for disaster.

The mess was caused by both democrats and republicans, NEITHER spoke up about it, BOTH parties have been bought by special interests (Fannie/Freddie, Housing, realtors, banks, low-income housing supporters).. NONE OF THEM put the country first

i would love to hear just one republican accept fault for this mess happening while they were in charge.

Just one.

Did you guys see this? The best TV I have ever seen:

http://vodpod.com/watch/1016473-chris-matthews-lights-up-eric-cantor

The mess is the result of a republican deregulatory ideology, but the democrats passed the laws after Phil Gramm wrote them and signed them into law. Clinton's boom economy was all part of the bubble. Both parties share massive blame. I would say though that I hope this will mortally wound the republican nutcases who push for deregulating everything, and move the moderate conservatives to power who have some bloody common sense.

the democrats are not hoping for disaster - they very well grasp that they cannot solve these problems any more than the republicans can - they can't even figure out how to make any of this into something meaningful to talk about on the campaign trail - oh, I forgot, "hope, change, someone wasn't minding the store" - that ought to pack in the voters, eh?

as opposed to the republicans approach of lying about their qualifications, positions and distorting Obama's record?

Obviously this is the republican's fault. Unfortunately it comes just 8 years after the tech bubble and blowup which is the democrat's fault. I wish all would learn.

hmm did the tech bubble wipe out our entire country's banking infrastruture? Did the tech bubble cause million sof americans to lose their houses and everything they owned?

Did the tech bubble cause the worst economy since the great depression?

Where was the stock market given to Bush after the tech bubble 8 years ago? Oh yeah at 10,600 where is is now.

Loser. Appeaser.

"which is the democrat's fault"

How about Alan Greenspan?

Holy crap

I'll keep my opinions to myself

petrfitz, if that's the best TV you have ever seen may I suggest The Wire, buy it on DVD.

i know it well, my wife appeared on an episode.

Pete apparently moved from Vegas to Baltimore.

I was called an appeaser yesterday for some reason, and then interestingly I saw this which would actually support a case that this is entirely the Democrats fault, not the Republican's fault. Of course I don't believe that, but everyone needs to learn.

Professor: The tech boom set the stage for the crisis
[Posted on September 19, 2008 at 12:47 PM]
Filed under: Banking | Crisis On Wall Street | Economics

John H. Vogel Jr., a real estate expert at the Tuck School of Business at Dartmouth, offers some insight into how the technology boom of the late 1990s helped set the stage for the current financial crisis.

Vogel, via a video on Beet.TV, explains that financial speculators dumped stocks in favor of real estate. This action, when combined with banks creating exotic financial instruments to profit from real estate, led to the current crisis. Both the Tuck School of Business at Dartmouth and The Deal LLC are public relations clients of Plesser Holland, whose founder Andy Plesser started Beet.TV. - Matthew Wurtzel

"i know it well, my wife appeared on an episode."

Was it one or two episodes, or was she just an extra?

http://www.imdb.com/title/tt0306414/fullcredits#cast