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To: TigerLikesRooster
The following snip from the story is telling...

Its banking assets were sold to Wall Street bank JPMorgan (JPM.N) for $1.9 billion, wiping out about $1.35 billion that TPG and its institutional investors, known as "Limited Partners" had invested.

"At that time, SAFE was certainly shocked by the news that the U.S. government decided to take over WaMu and there was almost nothing that SAFE could do to save its investment," said one of the sources. "It's a good lesson for SAFE and you can imagine how unhappy it was, just like every other LP of TPG for the deal," he said.

Welcome to the world of nationalization...

3 posted on 12/31/2008 4:42:37 AM PST by pointsal
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To: pointsal
Clown Bus. One minute this, one minute that. And the clowns wonder why no one is making any investments when a clown can come and life support your failing competitor, take YOU over, or change a investment bank to a commercial bank overnight on a Sunday!

One minute the Clown Congress and President are telling everybody to buy houses, then they are saying they are going to ‘rescue’ mortgages, then the next week Clown Paulson decides not to.

Clowns to the left of me, (Fwank, Dodd, Reid)
Clowns to the right of me, (Bush,Paulson)

5 posted on 12/31/2008 5:04:20 AM PST by Leisler
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