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Re: fsshon post# 70727

Monday, 05/11/2009 2:04:08 PM

Monday, May 11, 2009 2:04:08 PM

Post# of 734883
I agree...BUT.... we're talking about JPM, they agreed to pay 1.9B and steal wamu's 4B deposit. What makes you think they want a settlement, as far as they're concerned the FDIC offered and they bought.
unless Wamu can prove JPM had any wrong doing (i am sure they had) then there isn't much of a reason to simply settle. The fdic will probably want to settle via JPM. In other words give JPM cash to buy wamu and settle, but that can take forever.
We can speculate in 100 different ways, in IMO justice needs to be served.

GO WAMU>>>>> buy more, no selling ....crush those short traders
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