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Friday, January 13, 2012 5:41:02 PM
sophistication normally is nothing more then arrogance.
Before this goes OT I will add that this train of thought is why you and I are here posting.
I am willing to be that if you go look back at all the times JPM tried to take WAMU they were looking down their noses at a less sophisticated bank.
Why was WAMU Shorted to death? Because they didn't let the lesser bank into the "big boys" club.
Shelia Blair seized wamu even though it was solvent because she knew that us common Americans could not do anything about her plans and that included the Pre BK P holders who are all but gone. They have moved on to more sophisticated investments like MF Global and Solyndra.
Why was it our own company's lawyer was quoted as saying we were out of the money so many times? Maybe we lacked the sophistication to know better.
Why did the SNHs think they were allowed to trade on inside info while us less sophisticated traders were held by the rules?
Why were we all labeled as "vultures"? That is about the least sophisticated bird on the planet
sophistication = arrogance = heartless = OUR problem. Since we are the standard for "unsophisticated".
Please don't spread the rumor that P's investors are some how "better" then Us.
From what I can tell ALL of us own both. We are the same investors in the same boat. The reason there is more posting here is it is easier to carry on conversations on one board then 4. 99% of any type of wamu class has posted to this board. This is where the info is.
Hell go ask a question on the H or Dime board and IF you get an answer it is from someone on this board.
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