Nevertheless, tis true as a result of their actions. As you stated, the purpose of the FDIC is to protect the funds of depositors in financial institutions. Period, full stop. No one, and I mean NO ONE cares about the shareholders. To everyone including the SEC, shareholders in companies are gamblers...win some, lose some is their attitude. When suitors looked at WaMu's books & walked away it occurred to me that someone would come along and pick up the good assets in a prearranged BK but that didn't stop me from getting stuck holding some over Thursday night. Why? Simple. Despite all the bad feelings I had, I never figured TPG Advisors who bot BILLIONS of $ of shares earlier this year would let this happen. Oops.