We all know they wanted wamu prior to meltdown via the $8PPS offer. I think the FDIC must have had an incentive to get on board You can,t steal billions of dollars without someone complaining. They did the math prior to seizure they knew what they were doing. They knew their would be some heat. What else could the incentive be? Who got paid?
there is a major difference between Lehman and WMI that people are failing to think about. Lehman has 100b in debt so even if there is money left the chance of it coming down to common shareholders is slim. WMI does not have this same issue and with a settlement there will be plenty of money to properly pay shareholders. The fact remains that this company did not have to be seized and was stolen from the shareholders for the good of JPM.
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