it almost seems as though wamu executives set up Jamie D in the biggest jackpot (old school meaning) ever played.
if wamu knew they were in trouble and hid the assets in safe harbor, which clearly they were preparing for in 2005 (btw everyone knew the bubble was going to burst). then its highly possible they allowed the seizure to occur to set jamie D and the fdic in a wrongful take down.
its clear wmi was originating loans and selling them to itself.
wamu executives seem to have double crossed jamie d.
project west was known. and wamu knew they had a plan. if i were wamu and i knew jpm had a plan to screw me. id put everything in my UN-TOUCHABLE holding company too.
its a no brainer if your in the banking biz... well it seems like a no brainer now that im aware they were writting up safe harbor letters.
if you apply this thinking to all the crazy things going on such as
new purchase and agreement templates
shiela bair going infront of congress to change the holding company stipulation
blacked out purchase agreement pages
an on going bankruptcy to no end in sight without giving us any clues
its obvious that they are stumped. brian rosenturd does not know how to close this bk up
claims created.. but when its time to handle them, they are either pushed back to a later date OR dismissed. all that waiting and the claims terminated.
i bet the fdic took it thinking it was all perfectly legal and then when they realized what WAMU did. they found out that wamu set them up.
i bet rosenturd is working 28 hours a day trying to save fdic and jpm from paying Rico for seizing a well capitalized holding company with 300 billion in assets.
old proud Jaime d put his foot in his mouth when he publicly told the world it obtained 240 billion in assets from wamu in 2009... what a bone head haha
in my honest opinion they are scrambling to figure out how they can legally steal 300 billion in assets for only 1.9 billion bucks
too much information has leaked... we know what they know and they are shaking in there boots haha