Wednesday, September 17, 2008

Latest Wall St News? WAMU goes Oh-Oh..

Hey. Wednesday Night, and I hear WaMu Closed down at $2.01, and is rumored to be the object of desire of either Citibank, or another large bank.

Wo-Ho, Wa-Mu Good bye and good riddance.

Let them fail, and pick up the assets (branches) in chapter 11. Much nicer.

and I like the fact that Barclays bank picked up the entire Lehman brothers trading structure and employees for ONLY 250 million dollars. WHAT a bargin.

But they did take SOME pity on them. they paid $1.8 BILLION dollars for the NY (Times Square) Headquarters, and two data centers here in NJ.

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