Saturday, October 31, 2009 6:16:19 PM
WMI was going to put all the money in WMBfsb and maybe do something differnet. WHY did WMI downstream all the capital to WMBfsb? If they didn't know the FDIC was coming or they were only going to take 8Bil of WMB. Because WMBfsb was worth considerably more and the parent was moving on to something else. It has been disclosed that WMBfsb was bank for the elite investors/customers, It was not a regular everyday JOE bank like WAMU. This is why WMI was moving capital and the FDIC knew it and this is why it is "WHOLE BANK" on the P&A, which is illegal if WMBfsb was entirely owned by WMI. If it was then WMBfsb will need [along with all the capital in the accounts] be returned to WMI. Will this happen, if I was WMI I would not give in to JPM/FDIC on that one and if the Judge knows this, then she will award the Summary Judgement of 4.4Bil back to the parent, because it was their's or TPG's money and can be proven so. We are not talking about WMB, it is clear the parent was letting them go, we are now focused and should be concentrated on the assets of WMBfsb and subsequently the Parent WMI. Which eventually will need to be disclosed.
~Fish~
Please do not invest in this stock because of what I say, you must do your own DD and make decisions based on your knowledge, NOT MINE!
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