This says that all the guys in the financial world know each others. You cannot judge that because these guys lost billions on paper and did nothing, means that they don't get back through other means.
And since the start of WMIH, when I saw a bunch of powerful financial guys piling up in this penny stock, I told to myself that they have to be something that we don't know.
The problem is that we keep associating between any assets that we retained from WAMU which is tiny, 50B at most and we only have the interest and not the assets themselves, and WMIH. What if these guys want to use WMIH to make money together just because they want it, and it has nothing to do with the WAMU assets that come back?
Alright, JPM "bought" or steal WAMU assets, but what if they will use those assets to make money and pay back to Bonderman just because Jamie and Bonderman are beer buddies?
We are nothing and we are just riding on their coattail. Just enjoy the ride with them and don't complain. Sure we sit in the trunk while they sit in the car but it is the same car, and we all get there together. The other analogy is that we fly in the same airplane and they sit in first class while we sit in coach but we will get to Hawaii together. If the plane crashes then they will die first because they sit in front.
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