NY times article support the theory and the fact that wamu was seized as a sacrificial lamb to make the public feel the impact of financial crisis, while Paulson/FDIC was busy saving wallstreet banks and investment firms.
OTS says wamu was solvent.
CEO Kilinger says wamu was wrongly seized, without giving it even fair warning.
Fact is, FDIC was following the directives from Paulson to please JPM by giving wamu as a free gift to JD. So, just pay the fair price for wmi/wamu and end this mess..
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