I’m confused by the wamu/jp morgan. JP Morgan paid 1.9 billion for Wamu retails banks and deposits but apparently had to take a 31 billion dollar write down.
How can that be? Did they assume 31 billion in bad debt? Who takes ownership of the 300 billion in Wamu mortgages?
Confusing stuff, smells fishy to [...]
Posts from ‘September, 2008’
Wamu sold for 2 billion, but JP Morgan wrote down 31 billion in bad debt?
Four Hour Work Week - Buy it, trust me
Its not very often that I read a book and it inspires me to take action immediately. For the last couple weeks, I’ve been working my way through The Four Hour Work Week by Timothy Ferriss. I probably spent more time telling others about it than the time it actually took to read, it was that [...]
Jott is growing on me
As I posted a few months back, I hesitantly laid down $300 recently to pick up an iPhone.
It’s an awful phone, but a great little device for everything else.
The iPhone app store offers a ton of free apps for all kinds of uses. Most of the free apps (and probably the paid) are garbage, [...]
Housing Prices Dropping in Seattle
It seems like home prices are coming down at least a little in Seattle these days and they are definitely on the market a bit longer than they used to.
A house in Ballard, just a few blocks from mine recently dropped it’s price from 339,000 to 325,000. It’s sort of a funky house, but seems [...]