Lehman Brothers Financial SA (LEHNQ)

[stockmojo9]

WAMU was one legal misrepresentation and fraud after another by the acquiring firm.

This is why many didn't sell their shares bought before the WAMU BK filing.

WAMU could have had gold in it's corporate accounts and JPM would still say it's worth nothing.

And, Sheila Baer would still tell WAMU to work with JPM on the merger because that was the only one she'd approve.

They said they'd make it up if they had to but they haven't; JPM makes too much money and is too powerful.

This is part of all the corporate welfare we see in the banking business today. The Bankers want FED money at 0.25% and they want all the accommodations and concessions to cover their balance sheets in the event of default with the public.

So, make up the merger deficiencies! Rates are dropping again and stocks are at all time highs.

Same with LBHI. If the Courts and the Attorneys required concessions from shareholders to "address all concerns" then pay them back plus interest and penalties.

No one is above the law.

mojo