No, I think it is more a case of ego than greed.
Jamie Dimon decided he wanted WaMu and nothing was going to get in his way. He thinks he is teflon coated and politically connected, and that he can afford any protracted legal fight in order to get what he wants.
The scope of the bankruptcy case is only in regard to establishing the value of the estate, not a criminal investigation, but I am hoping that the examiner's efforts can convince the Justice Department that laws were broken and that they we be further spurned to investigate.
One frustrating aspect for me is that the rest of us on this board have a clear picture of what has transpired, and it is more than clear that WaMu was siezed fradulantly, but that Congress and the Justice Department refuse to acknowledge the crime. Congress has instead focused it's efforts on WaMu's lending practices, like that was the root of the national financial meltdown, and JD was been eeriely silent. I would like to spend five minutes in front of each of them to point out the obvious.
Regardless of the aspects of this bankruptcy case, I think that it is time for us individual shareholders to besiege our Senators, Representives, the JD, as well as the media, with the blatent facts of this case so that everyone understands that we cannot allow those with power and influence to just steamroll the American public for their own personal gain.
Remember that JD and his cronies are rich, powerful, and politically connected, but that does not give them carte blanche to take whatever they want without recourse. If the public does not raise the level of attention to this case it will never be perceived as the scandal it truely is.
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