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Post# of 749756
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mordicai

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mordicai

Re: kuwlness post# 111621

Thursday, 10/22/2009 12:17:41 PM

Thursday, October 22, 2009 12:17:41 PM

Post# of 749756
The fdic wants JPM to have the 4 billion. If the fdic would get it(no chance whatsoever)it would go to the wamu bank bondholders. JPM doesn't want them paid. FDIC doesn't want them paid. Moreover, if FDIC gets the money, they just increased the damages the holding company gets from them for another 4 billion. Ludicrous position. And walrath sees through all the crap, and did so last june.
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