WaMu in Crisis - Fed Takes Action
http://yourmortgageoryourlife.wordpress.
WaMu has sought and received a waiver from TPG that will allow them to raise more capital, effectively diluting TPG’s $7BB Investment in WaMu. this is completely counter to Wamu’s announcement that they were Well Capitalized only 5 days ago… It sounds like TPG has the scoop that WaMu needs more cash. Option one for TPG to protect it’s prior investment would be to pony up more dough - but it looks like they went for option two, which is to hold the door open of a building on fire and hope to high heaven someone else runs in.
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- Submitted By: paisano1 | about 1 year ago, which will basically tell you how fast you will need to drive to the bank depending on your account classifications and current deposit levels. It could save you a speeding ticket. If you are at least reasonably wealthy or near retirement, an you ...
- News Source: MarketWatch | about 1 year agoShares of WaMu were up more than 10% ahead of Thursday's opening bell. WaMu's largest investor, private-equity firm TPG, gave the company leeway by allowing it to raise more capital, divest branches or sell the entire business, according to various...
- News Source: Asian Wall Street Journal | about 1 year agoashington Mutual Inc. received a critical financial concession from its largest investor, setting the stage for the beleaguered thrift to raise more capital, divest branches or sell the entire thrift, according to people familiar with the situation.
- News Source: The Globe and Mail | about 1 year agoWaMu's sinking market value leaves it worth close to the $4 a share that JPMorgan Chase & Co. was willing to pay in March, reviving speculation that Mr. Fishman may put the entire bank up for sale. JPMorgan isn't in talks to acquire Seattle-based...
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- Blog Source: yourmortgageoryourlife.wordpress.comIt sounds like TPG has the scoop that WaMu needs more cash. Option one for TPG to protect it's prior investment would be to pony up more dough - but it looks like they went for option two, which is to hold the door open of a building on ...
- Blog Source: forum.globalhousepricecrash.comWhile taxpayers are likely to take a hit on WaMu, TPG, the private equity group that recently invested in the thrift at $8 a share, will get back 100 percent of its investment if there is a change of control in WaMu within 18 months. ...
- Blog Source: dealbook.blogs.nytimes.comgetting diluted out on its investment, but is now preventing WaMu from raising more equity unless TPG... financing. For example, Washington Mutual raised $7 billion from a consortium led by TPG . But there is an
- Blog Source: theautomaticearth.blogspot.comThe number of people continuing to draw jobless benefits increased to a five-year high of 3.53 million. David Rosenberg, an economist at Merrill Lynch, said the unemployment rate has jumped 1.1 percentage points since April, ...
- Blog Source: www.invivoanalytics.com, who is laughing now? I bet investors in Lehman Brothers (LEH), Washington Mutual (WM), Fannie... agreed on March 16 to buy Bear for $2 a share in a Fed-brokered agreement to fend off a possible
- Blog Source: zandarvts.blogspot.comLehman will not survive into Monday. Count on it. Hell, as things are going, the Fed will have to find a buyer for WaMu as well. WaMu fell 39 cents, or 17 percent, to $1.93 at 10:18 am in New York Stock Exchange composite trading. ...
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Image Source: www.newsvisual.com... Washington Mutual Inc (...Image Source: www.newsvisual.com... Washington Mutual Inc (WaMu) ... -
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Image Source: latimesblogs.latime...Another lifeline for a bank: ...Image Source: latimesblogs.latime...Another lifeline for a bank: WaMu ... -
Image Source: www.businessweek.comwamu. It’s been another ...Image Source: www.businessweek.comwamu. It’s been another tough week ... -
Image Source: globaleconomicanaly...WaMu Raises Capital: Market ...Image Source: globaleconomicanaly...WaMu Raises Capital: Market Cheers ... -
Image Source: noworldsystem.com
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Video Source: youtube.comFinancial Derivatives: ...Video Source: youtube.comJohn Hull, Options, Futures, and Other Derivatives 3. http://youtube.com/...
Post a Comment Comments: 1
Another piece of bad news and more is coming with WAMU. Everyone should recognize this as the time to protect your money. I personally use offshore bank accounts and they have helped me with asset protection and diversification. If you would like to learn more, you are welcome to visit my site.
Regards,
Frank Miller
Reported by paisano1
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