It's all in the way I heard him.
Look, he knows he could get in big trouble if he said the wrong thing and he is, among other things, a word smith.
What he did was mention WAMU about 3 or 4 times while talking about JPM and Lehman.
He outlined the past and current problems in his colorful way and then concluded with, "it's an opportuntiy". Now, it's easy to see that he is saying it's an opportunity with JPM, but he was also saying it's an opportunity with WAMU too.
Why? Because he thinks, as do I, that WMI stocks are going to see better days as the clean up continues.
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