JD will regret the WAMU deal as he's biggest failure.
But, thats expected. Just like traders at big bank take big positions due to the size of money offered to them by management, the last position taken turns out to be a biggest loser. (Its just simple math.) This mentality leads to big blow-ups with no exits. Because the big trader was the person who created the high prices with his buying. So, when he sells the market cracks.
No, it does not sound mean!
Do on to others, before they do on to you.
From what I have heard: They will likely make double what you lose courtesy of the US taxpayers. The mortgage foreclosure game is rigged in their benefit. Does this surprise you?
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