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Tuesday, May 19, 2009 10:03:39 PM
WMI currently has several lawsuits filed against them, JPM will not back down or buy them out until they have drained as much out of WMI as they can (and no, JPM does not just want this to go away), and the FDIC is not just going to make an announcement on Friday or anyday too soon saying "we f#cked up, here's a $hitload of money".
I know this is "just my opinion", so I don't need any of you telling me that. I know that. While you all continue to act like you're rich, I will be making money. Call me a flipper or whatever you want, but usually when everybody thinks something "big" is about to happen it doesn't, so I will capitalize on any spikes that I can.
If this answer doesn't suffice, maybe you could be more specific in your questioning.
What is your assessment of the situation?
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