• 16 Sep 2008 at 10:59 AM

Bearpont Morgan Mutual Back On The Table?

By Bess Levin

Not content to allow Ken Lewis be named King of Wall Street, and walk around town flashing the sceptor that comes with, Jamie Dimon is expected to be making a bid for Washington Mutual, which was cut to junk last night by Standard & Poor’s. The JP Morgan CEO reportedly approached WaMu about knocking boots mere weeks after buying Bear Stearns, but was brutally rebuffed.

Comments (13)

  1. 1
    Posted by guest | September 16, 2008 at 11:08 AM

    link is broken

  2. 2
    Posted by guest | September 16, 2008 at 11:28 AM

    Jamie Dimon is my hero!

  3. 3
    Posted by guest | September 16, 2008 at 11:28 AM

    Jamie Dimon is my hero!

  4. 4
    Posted by guest | September 16, 2008 at 11:35 AM

    “scepter”, my love. or “sceptre” if you just bought lehman’s broken-dealer.

  5. 5
    Posted by guest | September 16, 2008 at 11:39 AM

    WM calls look attractive

  6. 6
    Posted by guest | September 16, 2008 at 11:44 AM

    Dimon is GOD.
    But there is also a sinister conspiracy from him to take over the world. Beware… JPM is soon going to swallon GS.

  7. 7
    Posted by guest | September 16, 2008 at 11:46 AM

    WM looks as attractive as a one legged whore with the clap.
    I don’t inderstand why Jamie wouldn’t let it go down and buy/agree to take the branches they want exposure to out of the FDIC’s hands.
    Lets face it the FDIC has had $50 billion. $20 billion to IndyMAc a bit tosome small shit banks and the rest to WaMu and then they are looking for a fed bailout. Jamie gets what he wants for pennies on the dollar.

  8. 8
    Posted by guest | September 16, 2008 at 11:56 AM

    WM is worth about a ham sandwich and a milkshake on the open market. Let it die.

  9. 9
    Posted by guest | September 16, 2008 at 12:00 PM

    8 Wrong. Mortgage portfolio is toxic, but also a very valuable retail franchise, esp west coast and florida, which is very much complimentary to JPM.

  10. 10
    Posted by guest | September 16, 2008 at 12:00 PM

    where does bearpont come from?
    chase morgan jpMutual

  11. 11
    Posted by guest | September 16, 2008 at 12:07 PM

    @10 “where does bearpont come from?”
    BEAR STEARNS
    John Pierpont “Jack” Morgan, Jr
    Washington Mutual

  12. 12
    Posted by guest | September 16, 2008 at 12:18 PM

    thanks #11

  13. 13
    Posted by guest | September 16, 2008 at 12:18 PM

    thanks #11, #10.

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