Comments on: British Hedgefund Buys $500 million in WaMu Stock…Not Really

By: E$

E$ — Sun, 03 Aug 2008 04:38:22 +0000

Bear Stearns–BUY BUY BUY!

By: EternalOptimist

EternalOptimist — Sat, 02 Aug 2008 01:15:31 +0000

Stu, look out for bears in the woods – and Robin, the Hood (he steals from the Rich and that’s about it). Chas. Hugh Smith wrote a revealing article about living in the woods. If you’re gonna head for the woods, it’s best to travel with a pack – to watch your back and flanks. If you’re determined to go it alone, trade in your SUV for a tank first.

B-A-N-G Oh! – you’re dead!!!

Like I said many times before: You can run but you can’t hide! You will be smoked out (literally).

So much for the woods.

By: Stu

Stu — Fri, 01 Aug 2008 23:53:21 +0000

Questions?

What happens when everybody works for the Government?

What happens when we no longer make anything as we slowly have become a service industry country?

What happens when we are so taxed that we have no money left to spend on anything but neccesities?

When we become a barter country?

When we steal at will to survive?

When it no longer matters what the value of literally anything is anymore…

By: Stu

Stu — Fri, 01 Aug 2008 23:29:52 +0000

Marc, I guess I amd doing pretty good then because I sold my big A$# colonial and bought and now live and will retire in a literal log cabin in the deep woods… and I put my money in foreign assets 1 year ago this month.

B-I-N-G-O for ME!!!

By: fedwatcher

fedwatcher — Fri, 01 Aug 2008 20:24:23 +0000

Just one word – ENRON.

By: Marc Authier

Marc Authier — Fri, 01 Aug 2008 17:19:59 +0000

Who cares ! The MOBSTERS in Washington will wipe their asses with your money, and clean up the mess and the Wamu vomit. That’s why the market is going on this crap. Yeah this country is runned by a fine gang of mafiosi and mobsters. Numbers are unimportant.

You only need to have protection from Al Capone Bush and Bugzy Malone Obama and everything is just fine. Who care if inflation goes to 20%. Save “tha” bankers at any price, even if bankrupts the government and the middle class.

Jim Rogers was right about the USA. Get your money out of the country and get out of the country. It’s one of the rare occasion that I am happy to be Canadian, when I see the type of shits running the place in the US and what type of Weimar Republic policies they are adopting.

Boy I am buying myself a log cabin deep deep in the woods, and plot of arable land. I will be looking from far away, the total madness a couple of months from now.
WB up at 18$. “Pump and dump.”

By: Stu

Stu — Fri, 01 Aug 2008 14:46:59 +0000

If all of this news is correct then wouldn’t WAMU be insolvent just like Freddie and Fannie are in regards to general accounting standards… no?

Speaking of Fannie and Freddie, did anyone else see this from Greenspan on these two?

Fannie Mae and Freddie Mac, the largest sources of money for U.S. home loans, are a “major accident waiting to happen,’’ Greenspan said. “The solution’’ is the “nationalization’’ of the companies, a restructuring involving an infusion of taxpayer money and eventual sale back to the market as “five or 10 separate entities,’’ he said.

I am so happy to see he is such a big help from the sidelines. I only wish he showed up for work when he was getting paid to help…

By: Todd

Todd — Fri, 01 Aug 2008 04:18:08 +0000

Everything is O.K.!
Everything is O.K.!
Everything is O.K.!
I’m in my HAPPY PLACE:)
I’m in my HAPPY PLACE:)
SERENITY NOW!!!

By: Marc Authier

Marc Authier — Fri, 01 Aug 2008 01:56:00 +0000

Personnally I prefer naked bonds.

By: Lysander

Lysander — Fri, 01 Aug 2008 01:29:14 +0000

Mr Mortgage, I’ve been enjoying your site for the past few months. If you had to guess, what are the chances WAMU will fold or be taken over by the FDIC. Do you think the FED can surreptitiously keep them solvent?

Thanx