"JPMC wrote all those assets down to below book value, so as not to pay anything for them...the FDIC let JPM sell the assets for fair value because the FDIC was not in the business to sell and dispose of assets, so they let JPM do it...so, JPM sold them off at firesafe prices, hence, WAMU got nothing for them.."
Can you show the Legal Documentation that JPM was allowed to value the assets it wanted to purchase?
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