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Post# of 730659
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LuckyPanda

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LuckyPanda

Re: None

Wednesday, 05/24/2017 7:16:28 PM

Wednesday, May 24, 2017 7:16:28 PM

Post# of 730659
How could FDIC "legally gift" Wamu to JPM for a paltry $1.9 billion?


Simple Answer:

strip the bank of its income stream...the 2.9% interest margin income from the $300 billion loan portfolio sitting behind safe harbor.. no income means the transfered bank assets can "legally" be jistified as worthless.


when one looks for conspiracies, one can miss the simple logical answers right under our nose
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