Washington Mutual Preferred fka WAMPQ

[JimsZ]

Makes you wonder how much Paulson had short doesn't it?


Did this guy even look at the shorts that caused the scare?

Did he even look into JPM making statements which caused the problems with Wamu's downgrades? (he definately makes a mention that the OTS brought it to his attention that JPM was putting out the dirt on WAMU, but nothing further)

Did he ask why Wamu wasn't able to borrow from the FED window with it's double 84 day loan window like everyone else?

Did he ask why Wamu wasn't allowed to follow one of their 4 scenarios to help with liquidation issues?

Did he check on who took the $16 billion in deposits out of Wamu starting Sept 16th?

Did he consider checking every other bank to see what % of funds were withdrawn starting Sept 16th as my parents banked with JPM & immediatey withdrew their money so regardless of what bank it was I'm sure all banks had a "run" on their cash