What is truly amazing is how a company bleeding as much red ink as WMI was could shore up and improve the balance sheet of a company such as JPM Chase that was bleeding as much red ink as they were. How do you put 2 bad apples in a basket and come up with a peach? Even after writing down 30 billion dollars and threatening to replace 21 billion of it JPM should have continued in afar worse condition than they did. It is clear looking at their quarterlies that they are in fact a poorly managed company. They have driven away many customers and profits by not taking care of the little guy. There is far more money with a lot of little guys than there is with only a few big guys. Washington Mutual had that figured out long ago.