WAMU WAS TAKEN ON A THURSDAY!!!! First time ever not shutting down on a Friday to give them the weekend to work things out, and the BOD was out of town.
the financial crisis of 2008 was a set up by Treasury Secretary Paulson when he gathered the hedge funds in a special meeting in Moscow to warn them of the following banks that were going down...he said (Paulson) wanted their input of how they would react in the financial markets when the news broke about failing banking system... of course, what happened is that the hedge funds made billions by shorting Wamu, Lehman, and Bear Sterns, as well as other banking institutions...Wamu pleaded with Paulson to put a ban on shorting, and naked shorting against WAMU... he refused... Richard Fuld, then CEO of Lehman pleaded with Paulson to give a small token of financial aid to keep Lehman afloat.... he refused and let Lehman fail. as well as Bear Sterns...for Paulsons intransigence, and greed ,he caused the U.S. Financial system to collapse, made his buddies rich billionaires, and caused misery to investors by suicide, lost wealth, divorces, family breakups, and wealth transfer in the stock market in trillions... he could have avoided this by simply giving a few billions to shore up Lehman, and a few other banks.... Blame Geithner and Paulson for the misery they caused... then and today... Lodas
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