hesthemen, the 3.1a listed was scrubbed within 10 hours to a scrivener's error. no price was listed or date was posted on the contract. fdic covered their asses, you cant backdate a contract, it is certainly not a gift, and washington mutual was well capitalized. they never received a letter of recapitalization...which is the first step to allow the company to right itself. they didnt need to,but fdic and jpm needed wamu "gifted" on a thursday before the bids started rolling in. fdic is a ponzi scheme that was looking out for their bottom line. they admitted to it in the lehman case at the senate hearings. they said they are for conserving themselves and they have no obligation to maximize the estate for shareholders. and with new legislation they now have the right to take down any corp. deemed a systemic risk and shareholders have not recourse in court. wamu and lehman are the only ones left that have bankruptcy protection. and the comment about enron being like wamu is erroneous. enron was legitimatey bk for cooking the books. wamu was solvent. why was the examiner brought in at the end of the case and not the beginning? i think rosen,etc knew they were solvent and didnt want to be found out. it is very rare to get an examiner and trustee at the end of a bk. but we have it because from day 1 they screwed up AND NOW THEY MUST PAY. as far as the stock being held down no matter the volume....jpm and mm's are printing fake shares like the govt is printing money. they will hold the price down just like the feds are holding interest rates down to hide their crime spree of draining american wealth to prop up communist countries and regimes. jpm is essentially "squatting" in wamu banks and "propping " their stock with wamu's assets without paying for them. its like the man behind the curtain on the wizard of oz. "DO NOT LOOK BEHIIND THE CURTAIN!" its all a fake facade. russell doesnt "own" the wmi skyscaper either. it was setup by one of the attorneys, i believe from weil,with this company to "prove" they owned it and can sell it. but on russell's website they said they "hoped" the transaction "worked out." why would you wish it to "work out" if you actually bought the property? they didnt ...and people here have looked up the tax bill etc and it proves nothing has changed hands. in this instance jpm thinks "possession is 9/10ths of the law." boy, that 9/10ths and 1/10th they dont have is certainly going to cost them dearly!!! jmo.sf
