also TPG cleaned out of 7 billion
think JPM offered a full buyout at 4 bucks a share when TPG gave them 7 billion infusion at 8 a share if i remember right
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The deal ultimately leaves TPG, the private equity firm that ushered in $7 billion in fresh capital for the bank this spring, on the sidelines empty handed.
"We are dissatisfied with the loss to our partners from our investment in Washington Mutual," said TPG spokesman Owen Blicksilver. "The unprecedented turmoil in global financial markets and resulting macro crisis of confidence has radically changed the dynamics for all financial institutions and led to widespread losses among investors throughout the sector."
think JPM offered a full buyout at 4 bucks a share when TPG gave them 7 billion infusion at 8 a share if i remember right
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The deal ultimately leaves TPG, the private equity firm that ushered in $7 billion in fresh capital for the bank this spring, on the sidelines empty handed.
"We are dissatisfied with the loss to our partners from our investment in Washington Mutual," said TPG spokesman Owen Blicksilver. "The unprecedented turmoil in global financial markets and resulting macro crisis of confidence has radically changed the dynamics for all financial institutions and led to widespread losses among investors throughout the sector."
