If you read the new book by Hank Paulson you will notice that he states many time a fact that in early 2008 JPM Jamie Dimon wanted WMI big time.
I have not finished the book, but it was a well known fact by Hank Paulson, that it was JPM wished to take over WMI.
Then JPM got to look at WMI books and made a $8.00 offer to buy WMI, which was turn down. He knew the value of the company at that time.
Then there was very private meetings that took place between FDIC Chairwoman Sheila C. Bair, together with JPMorgan Chase (JPM) CEO Jamie Dimon - a month before WMI was taken over (during trading hours) with what seems to be a very orchestrated effort to destroy all stock value of a public company. Was any inside information shared with market makers, and the traders that started a very active short selling along with using of put options – after those private meetings?
Do you think the DOJ should take a close look at this? Yes and I have sent them letter requesting it.