jpm knew it was too good to be true. they offered wamu $8 and was scoffed at. jpm didnt even use their own money they used the 1.9 bil in money of approx. 10 investors to give fdic. they had none of their skin in the game until they started to pay attorneys. but wait they arent paying that either , because fdic gave them i believe 500 million in defense money to fight wmi after they cut them off at the knees! jpm has nothing to lose...literally. fdic cooked this meal and now they need to eat it. jpm will always plead the 5th and play the victim till the end. thats the opinion i have.
fellow wamuers,dont b discouraged tomarrow when we open down...etarde shows after hours alreadt down .005,i been here through 3 must be in weekends!!ive seen tickers change in the middle of the week, recentaly aig do a 20/1 split on a wendsday,and stocks ciese trading during the week!keep the faith!!!
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