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tcr7309

03/07/15 7:21 PM

#416344 RE: iPrelude #416340

here is a wild stab at your question.

because the fdic is a corrupt governing body that is not going to listen to anyone anyway. if there are assets out there that are black and white wmi's it will be a fight to the death for wmi to get their hands on them. I don't think the fdic can even be sued so what is wmi's leverage.

Now put yourself in fdic's shoes.

basically what the fdic would have to do is break from the lie that politicians are still telling, it was companies like wamu, countrywide, and indy to name a few with their subprime and predatory lending practices that were major players in causing all the heartache felt by those who got hurt by the financial crisis. so lets give billions and billions back to the share holders that got hurt at wamu.

it's wrong and I agree!

just the politics alone will not allow this to happen if those assets do exist.

what makes me sick is not what the lenders did, because that was actually a directive from congress and the prez, ie, everyone should be able to own a home. my good old friend barny franks was the leader for over a decade regarding this.

why do you guys get me going, lol. lastly, wamu or any of other lenders are really not the bad guys but they have taken most of the heat, at least in the beginning before people put it together that it was not really subprime mortgages but how the investment banks used them fraudulently.

the real culprits are the investment banks who wrote synthetic cdo's with no collateral attached and there is one name that I bet few know that should be in jail and that is Kathleen Corbet, don't look it up, guess first where she is from. between the investment banks and her former company are the real ones to blame. no one person held accountable is what makes me sick.

I'm done for the eve, wife calling, going to the best sushi restaurant in boca.

have a good eve.