laughable, just plain laughable.
Like I said in a previous post, JPM does not turn anything of substance over to anyone under distressed circumstances unless A LAWSUIT IF FILED AGAINST THEM. Not one suit filed to support escrows, why. Because just as the examiner said any lawsuit would be frivolous because there is no money.
The trustee said there is no money.
The fdick-r says there is no money other than the 2.75 bil they have and shareholders are out of the money, their words not mine.
So far, escrows have gotten nothing.
The only future we have that relates to wamu (indirectly) is the potential in wmih. BUT THEY NEED TO GET THEIR ACT TOGETHER AND MAKE THE FIRST ACQUISITION. kkr don't fck this up.
all imo
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