so true... it just makes too much sense for the FDIC to cover their behind and take care of numero uno.
They are not going to say they miscalculated, they never asked for a price for WAMU. It was said that JPM was the only one that made an offer.
The FDIC will simply state that they accepted the "down-payment" for initiating the transaction, but fair market price for everything that was taken will be $X-amount of Billions more... it would be great if it were more than or equal to at least $100 BILLION! Then the FDIC wouldn't have to tap into the treasury... LOL