Hmmm....
"I sure would like to know how wamu is supposed to be in a good situation where it can have a fc lawsuit against the fdic let alone possibly one against jpm. and if this is the case, why would jpm be changing over wamu property to their name in march as well as selling off some of wamu banks and other property. perhaps wamu is not in as great of shape as people might think or perhaps there is actually a merger/buyout in the works. and lets say that might be happening around March. look at circuit city. chapter 11 one day and an investment from that guy in mexico who actuially wanted to save circuit city, then around 2 months later, total liquidation. not to mention they just closed stores in temple, tx. and killeen, tx. to build a new one in harker heights, tx. the new one couldnt have been there for 2-3 months anyway, now gone."
You may be confusing yourself....
If they are going to file a FC suit it is because they feel that it is justified and have good reason to file. JPM changing the name of the bank is "business as usual" and should have nothing to do with nothing. After all, it is "their" bank unless it is found otherwise. If the FDIC sold it for way under the value that it is worth, then that is where the suit comes in... and who will make up the difference? The FDIC will have to cough up for the balance.
How do you know they are not in great shape? Did you look at the books? Or are you just presuming it to be so on your opinion only.
Circuit City has nothing to do with this... they had more debt than asset. So how can you even try to compare the both? ludicrous.
Each company is different in their own situation... and must be played as such. To combine each and everyone into one category and make an assumption based upon what some have gone through is just plain... not thinking properly.
Has any guy from Mexico try to save WMI? I don't think so.... Nor has anyone yet to come forward and make an offer.
did you know that WMI filed for Chap 11 NOT because it was in bad shape, but to protect it's assets! That is most important here and a lot have forgotten the reason why.
They have approx over 30 subsidiaries and the bank was a sore thumb... in fact, because JPM had taken it, WMI might just be in better shape actually.
Think you need to sit back and chill a while... or sell and move on if this is too much for you. That is basically it.... getting swayed by others just because you do not understand the mechanics of bankruptcies does not justify a rash reaction. This is not an over night thing nor will it happen in a week. They need to get past the 6 month mark before anything can happen, unless there is a reconciliation on the part of the FDIC for pulling the trigger way too fast.
