Ya it is ridiculous what they get away with. Wanted to look over Lehman's old annuals but couldn't find them on Edgar.
Anybody know where to find them?
PS, WaMu (cut and paste)-
"The senior and subordinated holding company bonds of
Washington Mutual soared in value Tuesday after the firm confirmed it has more
cash than previously thought that can go towards paying off holders of this
debt as part of the company's restructuring.
In a filing with the Securities and Exchange Commission (SEC), Washington
Mutual confirmed that it and its non-bank subsidiaries had approximately $5
billion of cash on deposit with Washington Mutual Bank and its bank subsidiary,
Washington Mutual Bank fsb."
How the H$LL does the FDIC seize a bank and immediately sell it to JPM for less than $2 billion when the bank itself doesn't even have a grasp as to how much cash they have on their books? Geezus, $5 bill in cash on the 'books'; must be hard to read those 'books' at the FDIC I guess when backroom deals are being done IMO.
Jamie Dimon is a crook at JPM IMO using his NY Fed ties to steal and throw debt onto taxpayers. Hope he gets caught and goes to jail.
Oh ya, pigs don't fly. These widgets throwing fear on us trying to blindfold us with it. Frustrating.
Some day... Pigs hopefully grow wings.
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