Exactly. And Goldman, and Moody's, and the OTS and more. RICO RICO RICO! Damages will be the big recovery, Moody's rating bomb on Wamu caused a 16 billion dollar run on deposits...let's see...what's 3 x 16,000,000,000.00? And how much damage did Goldman cause by broadcasting "SHORT WAMU" at the top of their lungs after being privy to confidential information? And how much would Banco Santandor have offered for Wamu if Dimon had not advised them not to, again after being privy to confidential information? And what would be the FDIC's liability for wrongfully seizing 300 billion in assets and selling them for 1.9 billion?
Damages will be where the commons see big cash, the arguments to the contrary are just silly, people scrapping over the 4 billion and the NOL's can spar all they want, it's just smoke and mirrors as they scalp the preferreds. We all know about "stock advisers", this is no different, the predators just realized that this isn't a carcass, expect more snarky bloggers in the coming days, a LOT more. That's what your OWN DD is for, read the links in the sticky posts, check the court filings, read the law, look at the evidence that is piling up, the internal e-mails gloating MONTHS ahead of the seizure...and especially note the long list of future documents we will see in the end. I myself, can't WAIT to see all the redacted documents the FDIC sharpied to death before they sent them to Kirsten Grind, they are going to regret that very soon.
Tick-tock.
Night ya'll, gonna be one HELLUVA day tomorrow!
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