Wednesday, July 06, 2011 3:18:11 PM
With all these new laws being established and the FDIC acquiring this new power - BOY COULD THEY PUT A HURTING ON THE JPIG AND JAMIE if they wanted to or needed to. Anyone see why FDIC might need some leverage on the pig?
So FDIC could walk into jpig, sell assets to cover costs, pay creditors.
I would think having the worlds largest short position on metals, 70 TTTTTTT trillion in derivatives exposure would be considered negligent. That leaves Jamie and a few others open to 2 years compensation claw backs.
Jpig better play nice with FDIC and cough up some "fair and reasonable " cash for WAMU. 1.8000 billion is missing a few decimal points. Couldn't be simpler, two places to the right 180.00 billion and we'll call it good.
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