Armegeddon Arives: Bailout fails and WaMu seized

[zmas28]

Re: Armegeddon Arives: Bailout fails and WaMu seized

It's gonna be OK. I wore my lucky underwear today.

If Godraz is right, hope you don't have to wear it till Oct 15.

[c1ue]

Re: Armegeddon Arives: Bailout fails and WaMu seized

how can you just buy deposits? Deposits are liabilities for the banks that they have bought assets with, very bad assets.....buying assets makes sense, buying liabilities doesn't

Marvenger,

On the balance sheet, deposits are liabilities. But you can't make assets (loans) without some government mandated reserve - even these days.

Getting WaMu's deposits thus enables JPM to either create more assets or make their negative capital ratio...less negative.

As I've noted before: when times are good, deposits are bad. When times are bad, deposits are good.

[buljong]

Re: Armegeddon Arives: Bailout fails and WaMu seized

In astrology, a retrograde Mercury (meaning the planet appears to be going backwards against the celestial sky) is not a good time to make or conclude vital communication decisions. Lo and behold, Mercury went retrograde yesterday and won't be direct again until October 15th.

Contracts and decisions signed during this time period are prone to fail too.

We are so screwed.

Just to give some credit to someone in the astrofield.
Dont mocker him, or it.
Its ancient wisdom
Real ancient, as in when Au was the standard of living.

Merc Rx is serious.
Whenever my communication is twarted, and I see lots of confusion, I turn back to the starry sky and find the messenger (merc) being Rx.

I agree.
Totally.

We are FUBAR.

[LabMonkey]

Re: Armegeddon Arives: Bailout fails and WaMu seized

So, we still have yet to see what's on that "asset" list from wamu right? Are housing/homebuilders about to take another hit? I find it interesting that for the past couple months, a number of homebuilders have been full of helium.