Earlier: JPMBSPNC? Stearns Morgan Mutual? Bearpont Morgan Banc?
- 26 Jun 2008 at 1:13 PM
Gasparino: “Citigroup, as screwed up as they are, might want to buy Washington Mutual”
By Bess LevinTags: Citi, JP Morgan Chase, Washington Mutal
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It might be the other way around eventually if Pandit stays at the helm.
How messed up would it be.
The WaMu that never sleeps in the citi of Viki.
Whered Gasparino hear this, Satriales??”Charlie, not for nothin, C might buy Wamu over hea. You friggin believe dis??”
Gasparino’s prior job was as a broker at JT Marlin’s satellite office in Rego Park. That’s how he has all his inside sources.
Gasbagarumor is little more than an outlet for Mike Mayo. Not a bad source. The problem is that he understands little of what Mayo tells him (even if MM repeats it 50 times). Why you ask? Because he lacks an understanging of the basic concepts of finance (he can barely add) and has the oratorical skills of Vinny the Legbreaker (“Alls yous guys gots ta do is let me cut you off in the da middle of yur comment”). BTW – when did beating a press release of public information by 30 seconds become “breaking” news. Me thinks he breaketh wind not news!
that guy is the mother of all morons. look at his track record and you’ll see that what he’s got to say is horseshit.
Companies regularly time their information embargos to the media to end just before the press release so that the TV media can start reporting it immediately.
Just saying.