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Re: ebus123 post# 29394

Monday, 10/20/2008 9:56:18 PM

Monday, October 20, 2008 9:56:18 PM

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The gov't is not saying "it's their money." As the FDIC is in receivership and overseeing the events, they are trying to access those funds for dispersement toward WAMU's debts. Check the article a little more closing...it is specific about that. If you think they are keeping money from these deals, you are mistaken. The 1.9 Billion they got from JP Morgan goes toward WAMU's debts as well.

Not saying the deal was fair, but the FDIC is not in this to make money.
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