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 Non-Tech : WM - WASHINGTON MUTUAL

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To: mlkr who wrote (21)9/26/2008 11:56:07 PM
From: Frodo's FingerRead Replies (1) of 26
 
I got hurt. I invested in a struggling bank that still had billions in assets. JP Morgan Chase comes along and brokers a sweetheart deal with the Fed to buy them out for 30 cents on the dollar and assumes ZERO responsibility to common shareholders. The Fed doesn't have to dip into their bailout funds. The depositors and employees are basically safe, the only ones who got screwed by this are the shareholders. I feel like I've been ripped off.

I got what I deserved when the tech bubble burst in 2000. I didn't deserve this.

Aloha Mike
Now in Seattle
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