Wamu Stock

[timd354]

What would happen to your stock if you bought a 1,000 shares of WAMU at $3.24 and the Feds took them over?

You would be in grave danger of losing the whole investment as shareholders are the last in priority to get paid in a liquidation...shareholders of common stock are paid only after all depositers, employees' wages earned, secured creditors, unsecured creditors, bondholders, and shareholdres of preferred stock issues are paid off in full...if there is anything left over, which would be doubtful in a liquidation only then are shareholders paid anything at all.....thus, if the company is insolvent, it is very likely that you would lose all of your investment.

 

[Ray Miller]

Wow - I feel like I'm watching history in the making. How very sad! Somehow even though we all knew it was coming I didn't imagine it would be this bad. And this is the tip of the iceberg!

What have I been posting for the past year.

I think we are just seeing a little bit more then the tip of the ice berg.

We have the Credit Unions, Saving & Loans, State Banks yet to go.

I think we will see the stock market at around 8,000 with in the year.

Gas at $5.50 to $6.50 a gallon

Ag production and prices shot in the butt by mid to late fall.

We may well be looking at an entirly new way of life in this country.

Can anyone say revalue the dollar.

I think there are ways out of this mess, but it will take someone with the leadership and where with all to do it. That person will need a good set of brass _ _ _ _ s to get it done.

 

[Judy Whitehead (Florida)]

I wish we had a CPA running for President

 

[MARK JOLLIFF]

What would happen to your stock if you bought a 1,000 shares of WAMU at $3.24 and the Feds took them over?

1000 pieces of toilet paper?

 

[Lawrence R.]

I buy most of that except for the falling ag prices...not this year, anyway.

Is it possible, that with a sharp decline in the stock market, and if some prices do start to fall, that wages and real wages will finally correct themselves. It has been said here many times that our wages, though increased over time, have not kept up with their former buying power.

Could we see a strange, but simultaneous deflation in consumer prices, while seeing loss of strength in the dollar outside of our borders...I would think not, but it seems like my money goes much further lately for some items, and not as far on others. Nothing making sense to me lately...

 

[Riick]

What would happen to your stock if you bought a 1,000 shares of WAMU at $3.24 and the Feds took them over?

I placed an order for 1,000 IMB @ 25¢ last Wednesday - Order was Good for the Day.
Lucky... they didn't hit 25¢ until Friday.
Saved me $259.99

 

[Wayne Tomlinson]

Change

It is all going to turn out ok>

After Mr (whassisname) is going to effect CDHANGE!!!

Then it will be ok, then he can be proud too along with Michele.
Wayne Tomlinson

 

[MARK JOLLIFF]

I'm thinking of buying XLF. It's an etf that holds financials. It is obviously very close to it's 52 week low. If one bank fails you won't get wiped out but if the sector rallies you could do well. I think if you buy this you have to buy it with the idea of holding for a good while. I'd be willing to bet that if you bought this and looked at it in 5 years you would be very happy. My problem is I like to trade too much but sooner or later I'm going to have to leave the craps table here and do some investing. I'm also thinking of Home Depot which is very cheap now because I think there will be a ton of deferred maintenance in a couple of years as no one is spending on upkeep while scared and trying to survive. What do you guys think of this logic?

 

[jay trotta]

Mark

sounds interesting, but on the radidio today, the Gobmt.is trying to figure out how to shore up FNMA/Freddie.....so to me nothing is looking to strong anywhere.

Looks like an Uh Oh to me - and questionable on the future's.....do we really know who's going to be there ??

PS-did a quick check on your XLF - not bad, they've lost about 52% from last year this time, maybe a Hold for another 90 & check it then, wadda U think ?

 

[Scott Kibler]

I wish we had a CPA running for President

Nah, those guys can't see past the next quarter end either.