Washington Mutual Inc pfd K (fka WAMKQ)

[JimsZ]

That was also before an examiner stood up and said "that seems reasonable".

For the examiner to not be able to talk with Bair who was at the very center of involvement... BS - The FDIC didn't give jack for information & got away with it. I'd bet the only 2 people at the FDIC they probably let the examiner talk with were janitors that might have overheard something about Wamu, but had no real information other than the bank failed because that's what the news on TV said!!

For the examiner to put in his report that Reich got a hold of JPM due to talking dirt about Wamu in March/April (and probably later) yet never followed up on that information as Jamie said "We didn't do it"

For the examiner to not at least try to find out what assets &/or values were transferred to JPM and/or value of whatever is left in Wamu - BS

For the examiner to not find out where the deposit outflows went (or for that matter were these outflows any larger than any other bank) BS

For the examiner to not look for the short shares killing equity all the way from July, therefore making Wamu look like they were going under - BS

For the examiner to say "You can't fight against the FDIC" - BS

For the examiner to look at why Wamu wasn't placed on the "No Short" list - did he even talk to Paulson? - BS

For the examiner to find out why the FRB wouldn't give the same 84 day loans for liquidity to Wamu like it did for the other banks - BS

The examiner has been here for a show... The examiner didn't try to what he should have, only did his job which was to appease the masses and state that nothing is wrong here, move on.