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  • From: "Lynda" <lurine AT softcom.net>
  • To: <homestead AT lists.ibiblio.org>
  • Subject: Re: [Homestead] FDIC to Seize WaMu
  • Date: Fri, 26 Sep 2008 09:56:03 -0800

O.K., JP bought WaMu. BofA bought whomever. The feds bailed out Freddy/Fanny. Seems to me that so far, the major stuff, other than AIG, have been taken care of by natural process. What is the $700 gazillion needed to bailout?

Lynda
----- Original Message ----- From: "Lisa K.V. Perry" <lisakvperry AT gmail.com>


On Thu, Sep 25, 2008 at 9:26 PM, Don Bowen <don.bowen AT earthlink.net> wrote:

JPMorgan to Buy WaMu Operations

http://calculatedrisk.blogspot.com/2008/09/jpmorgan-to-buy-wamu-operations.h
tml<http://calculatedrisk.blogspot.com/2008/09/jpmorgan-to-buy-wamu-operations.html>

That makes 13 for the year and the biggest.

And it is not even Friday yet.

More will fail.


We have a new acquaintance friend who moved back to her native Floyd after
living in NYC for several years. She telecommutes and is a Regulator for
Ernst & Young in NYC. She told me (when I bumped into her at a local
festival last Saturday) that WaMu would probably file bk this week. Glad it
didn't come to that, but still, how many employees lost jobs today? WaMu is
or was a very large company. She said that 55k people lost jobs last week -
all in an industry and city that is probably not hiring to say the least.

Anyone read or heard anything about expecting the other shoe to drop around
10/7 or 10/13?

Lisa
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