“WaMu’s balance sheet and the payment paid by JPMorgan Chase allowed a transaction in which neither the uninsured depositors nor the insurance fund absorbed any losses,” Bair said.
“WaMu’s balance sheet and the payment paid by JPMorgan Chase allowed a transaction in which neither the uninsured depositors nor the insurance fund absorbed any losses,” Bair said.”
>>>>>>>>>>>>>>.....................
big surprise, WM was solvent not Bankrupt..this is criminal
taking equity from share holders and giving it to JPM. I would expect many law suits from big investors on this..
all done by S&P and moody (mr buffett’s private enforcer on the stree)..folks this is the most disgusting show of government power I have ever seen..ps I am not an owner of WM stock or debt.