Monday, March 02, 2015 7:29:36 AM
this would be the greatest correction of an injustice ever in a financial world, ever. Could the feds/jpm damage control people spin out of this, yes, will they, then it becomes very political.
Can they give the money back on the down low, IMPOSSIBLE. All the fines that these corrupt, fraudulent banks have had to pay the feds in fines, all of them combined have not paid 100 billion, and everyone of the fines paid by the big banks is highly publicized.
I could see the headlines now, fdic/jpm return 100 billion dollars to shareholders harmed in the take over of wamu. Every former shareholder that holds shares makes 100x their initial investment.
Next up, class action after class action lawsuit against wmih for not better explaining why those that sold should not have.
This is very interesting, If any of this speculation is true about those funds a lawsuit should be filed explaining wamu's position. Not only that, if wamu has any knowledge about what is going on, it is a material event.
I do have to ask, why the escrow shares/markers, what was/is the end game.
this is becoming very interesting.
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