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Re: 8mile post# 241571

Friday, 10/15/2010 9:41:47 AM

Friday, October 15, 2010 9:41:47 AM

Post# of 732092
There is no way FDIC/JPM could risk if there is wrongdoing. Is there an order there in which no one could acquire more than 5% of the OS? If JPM was buying up WamuQ, don't you think something like this would come out? If they are doing it, they're doing it secretly... Would be easy to sell some to kill strength, buy even more back. You don't think with unlimited pockets they could keep the price down while they do it?

If there is any wrong done by JPM/FDIC, they have to buy WMI out and end this. There is no other way. If they do not put this all under the rug, they open themselves up for lawsuits from everyone that has been harmed in any way. Pre-siezure holders that have since sold, every small business in which there's been a loss. $25 billion is enough to make it all go away! There are many people out there which have been harmed, but not by enough to spend years litigating & paying attorney fees. If there is proven harm done which caused this failure, it would then be a slam dunk case for these anyone that wanted to sue and the costs would drop tremendously. Do you realize how much this would cost JPM/FDIC in attorney fees, etc? $25 billion to make it all go away or $50 billion down the road and years worth of litigation.

Now... this is assuming even the slightest is true regarding the accusations of JPM/FDIC. If they really had done nothing wrong it may end up costing JPM 2-3 more billion and us common holders would be $0.00! I really don't think this is the case as there is too much of a coincidence between things that have happened and the way it turned out.
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