We'll see very soon who is right or wrong. Do I hope the outrageous claims are true......YES, but I hold to reality, not rampant speculation, which almost always produces great disappointment.
@zeus: Have you heard any noise from anybody (court, FDIC, HF or anybody else) after JPM found nearly $100 Billion of "unexpected" assets in the remains of WAMU ...shortly after they paid only (!) $1.88 Billion for the whole (???) WAMU ?
If this wasn't real fraud, then I don't know what fraud is !
...or (maybe) somebody has made a deal long long time before and that's why are ALL so quiet !?
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