Did WaMu Get Sold?

[MrChug]

I'm hearing alot. Did it happen or is it spec?

[KenMcCoy]

Still in the works from what I remember.

[boutons_]

Morgan Stanley could sell 49% of itself to Chinese

[ChuckD]

The Chinese ain't buying shit. They got burned in the last round of capital raising. What they bought months ago for tens of billions is now worth about 50% of what they paid. Word is the Arabs are sitting out this round, too.

[boutons_]

The foreigners who have financed the US debt expect to be paid.

[KenMcCoy]

Ameribank shut down.

[ChumpDumper]

Hopefully it's not Chase. My interest rates will go down, though I did lock in a nice chunk of my money last week in a CD.