Sunday, March 22, 2009 12:54:05 PM
Here in Seattle, our last standing daily newspaper has put the story on the front page of the Sunday print edition and on the front page of their website.
http://seattletimes.nwsource.com/html/home/index.html
Aside from all the anger, joy, and confusing feelings I feel about potential income, injustice and uninformed postings, over the next few weeks and months I will focus my attention on the decision making process worked out in the court the judge. I want to see the reasoning behind the FDIC's roll in our banking system and hear an explanation of why WAMU was taken over and sold so quickly to it's #1 market opponent, it's competition, the very company that clearly coveted WAMU banks. Had Hank Paulson and Sheila Bair somehow arranged with a less agressive, less obvious competitor for the "purchase" this wouldn't be quite as obtuse and offensive. The rule of law is under the microscope on this "deal" between Hank, Sheila, and Jamie. Who is the law? That's what I want to know now. I have bet on the courts and common sense reasoning by investing in WAMUQ. I know where I stand.
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