All you say is true...BUT the "Run on the Bank" was orchestrated by JD & Fed & Hank Paulson through their vehicles of JPMC Trading & GS Trading, with clear intent of using the 'Run on the Bank' Hysteria as a Ploy for the "Wamu Takedown". Their first obstacle was WMI was a Thrift and not under purview of the FDIC but the OTS and so they 'bulldozed' OTS and 'usurped' its powers and precipitated the 'seizure' through FDIC.
Then they hit their second Massive 'Road-block'...While they were all thinking all WaMu Assets were in WMB, somehow the WaMu Leadership, since they had discovered a nefarious Plot Called "Project West" within their organization, (that was set into motion at the behest of JD), through a Masterful stroke, transferred the Real 'Income Stream producing Assets' into multiple Trust subsidiaries, outside the reach of FDIC. As we well know now, Sheila, JD & Paulson were Livid when they discovered that and ran to the Congress to 'empower' them to seize BHCs, with the ostentatious purpose of "Saving Mainstreet/Depositors/Tax payers' monies" but then found even while the Congress put in the new Law, at their behest, it did not have the power to make those laws 'retro-active'.
So, now we are here, and definitely Doreen Logan and the other gentleman have been actively involved in guarding those Assets but now, we also have a situation of the "Wolves guarding the Hen-house", as Kosturos, KKR & the Hedgies et al are also involved in the movements of these Huge Assets... Now the question is whether we Escrow-holders get any "F&R' promised from these Assets or the Wolves steal everything for themselves.
