Quote:
Originally Posted by Dan.Linehan  [B][*]Washington Mutual ***Already Failed***
Assets = $330B. ***Sold for $1.9B. *** --> 5.7% of alleged value. |
Ignores WaMu's liabilities per books of roughly $310B and the massive withdrawal on the commercial banking side. To say "5.7% of value" is just dishonest. JPM got a huge bargain, but not
that huge.