This has been said before , but I think it needs to be said again....
The seizure of WAMU to float JPM's boat and in turn the """WORLD FINANCIAL SYSTEM""" had to take place as it did period!!!!!!!
Yes it has caused great pain an a huge financial lose to those involved directly like employees or investors like us.
But on the flip side of that coin THE WORLD WOULD STILL BE IN HAVOC had this not taken place the way it did........Unemployment would be unreal homes would be empty all over the place from foreclosures, ritos in the streets and this list could go on for pages!!!!!!!!
Now in the same breath I think it was agreed upon (MY WAG) that all involved knew this and that the GOV via the FDIC have HAVE HAVE agreed to in the end make this right for the TAKING of the bank and the 5th and fraudulent conveyances both of which I said up front within days of this seizure would be involved............
If you do not believe there ws some SIDE AGREEMENTS HERE then answer WHY we have a filed JURY trial demand, TOLLING agreements and HAVE NOT RELEASED the FDIC in any way from or fashion?????????
CAN YOU SAY THE "HAMMER OVER THEIR HEAD TO PERFORM AS AGREED TOO"
And since the true loss here was the VALUE of the WMB @ 24 bill imho the fdic agreed to either pay RICO value 3X's for those issues they broke the law on or very very close.
In short if this goes down as I suspect any here that were here in the last years of WAMU and not in it when it was 47$ but in the last 2 or three years, will probably make out as good or better.......
NOW all that came here POST imho and that hold POST shares in the pennies are gonna make OUT LIKE BANDITSSSSSSSSSSSSSSSSSS.
I have seen as other have docs that show as much as 58 bill directly credited under WMI name in different investment vehicles prior to the seizure, then throw in FDIC's penalty and we be good
ALL in my rose colored glassed cliff notes version
THEY HAD NO CHOICE BUT TO SEIZE US NOW THEY MUST PAY US FOR IT