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Post# of 729692
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Shomidamoni

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Shomidamoni

Re: Zardiw post# 48403

Tuesday, 12/23/2008 9:37:43 AM

Tuesday, December 23, 2008 9:37:43 AM

Post# of 729692
Something has to be brewing between JPM and WMI. Is WMI threatening to sue FDIC? Possible they are. We know that FDIC has been sued and lost before.

http://query.nytimes.com/gst/fullpage.html?res=9C0CE1D81138F935A3575AC0A966958260

Unfortunately, even if FDIC loses, it is impossible to return the bank to WMI at this juncture. Other alternative is to work it out and buyout WMI at fair value or what ever is agreeablt to WMI.




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