Replies to post #1558 on Fannie Mae-No Politics (FNMA)

[Ace Magoo]

I just wonder why the parent gets reimbursed while everyone else gets stuck holding the bag?

WAMU'S PARENT TO REGAIN CONTROL OF $4.4B CASH
The bankrupt parent of Washington Mutual Bank reaches a deal with JPMorgan Chase (JPM:$41.1300,$0.4200,1.03%) to regain control of nearly $4.4 billion in cash it had on deposit with the failed thrift when it was seized by regulators.



Oh No, not again!!!