p_chen that is also a very likely scenario put the two together and you could see the WMI saw the FDIC coming and was trying to move the capital as soon as possible without tipping off the regulators. Regulators are in the meantime looking for a buyer on the side therefore killing WMI's chances of getting the ?? bil for banks. It is possible WMI was moving the capital to WMBfsb because they thought the FDIC would only take WMB. Miscalculation on their part. My friend told me that he talked with an FDIC official in a nice-sized city and when they got tp the point of what could happen if the public found out what really happened to WAMU, He said the following words. OH S&$T!
He elaborated that the last thing the FDIC would ever want is for it to be known what went down. That is all I can say. The city is home to the Vikings.
HUM!
Have a great night everyone, make sure that the discussion at the other board gets started on my and P_chens theory. if JPM finds out that the posters on message boards might have figured out what happened, they might just come to the table sooner. We know they are monitoring the boards.
Good Night All and Thanks for the kind words. Now lets get to work and start digging!
~Fish~
Go Ducks!
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