Replies to post #791218 on Fannie Mae-No Politics (FNMA)

[Boris the Spider]

Wamu didnt bring the 400b Libor suit.
The Fdic did.
Not known how any settlement will be broken down by the judge.
My guess is a 200b settlement and Wamu estate shareholders get 100b. Fdic gets 20b. Fannie freddie get 5-10b, and the other banks and lawyers get the rest.
We shall see. Dimon is a crook so I dont put anything past him and his posse.
Lets hope the judge stands up to tyranny.

[stoxjock]

Really?? Looks like you are 'pushing' the Hanky-Panky Paulson story about WaMu. Wamu was deliberately 'taken down' to save JPMC. In fact JPMC's exposure to sub-prime was bigger than WaMu and then they had Trillions of 'Bad Bet' Derivatives Exposure and the Bank was sure to 'go under' as it did NOT have the Deposit Base which Wamu Had (WaMu Dep Base $300B+). And the OTS, which was WaMu's Regulator gave a Clean Chit to WaMu and verified WaMu's own Audit's that showed WaMu's 'Risky' sub-loans were under 20%. WaMu was deliberately taken down and 'gifted' to JPMC so that JPMC would get the $300B Deposit Base to buttress its own Balance Sheet and on top of that get the whole stellar -performing Mtg 'Loans Held' Portfolio of WaMu.
The FED, & FDIC & Hanky-Panky Paulson's UST deliberately even went to the extent of 'Shutting down the OTS For Good' so that they could 'cook the books' and precipitate a 'Bank Run' on WaMu, with active connivance from JPMC & GS Co.

[Wingsjr]

How do you think WaMu is going to pay that? WaMu is gone, put into RS and sold off to JP for only 1.9 billion.