Wednesday, June 03, 2009 11:44:24 PM
http://wmish.com/doc/gov/0603/JPM_V_WMI_-_ANSWER.PDF
The logic is unassailable. The clarity is crystal-like, and the reasoning is sound.
JPM is obsequiously bending to new lows in an effort to continue it's raid on Washington Mutual Incorporated's assets with the help of the FDIC.
This document from the WMI lawyers is a simple argument calling for the court to use common sense judgment to cut through the legalese and allow the banking holdíng company's, WMI's, property to be returned to it and for JPM to cover the cost and damages of such a outrageous raid on the bank holding company.
Sheila Bair, of the FDIC, has rightly stated on TV and other forums that the FDIC has no power over bank holding companies.
The longer JPM remains unreasonable and resistant to good judgment, the stronger the claims against it will become thanks to the good work of the WMI attorneys.
Read the first three pages!
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