Why would Bonderman need to inject any more capital into WAMU? The BOD had a good plan to recapitalize the banks if needed. They never recieved a recap letter from the FDIC/OTS. It was not a problem until JPM (with help of FHLB) manufactured a "bank run" from its "war room" so you may want to get your facts straight.
WMI had plenty of $$$$ in their banks for capitalization. The OTS couldn't fend off the attacks of Bair for months. She had no control of WAMU or Wachovia and she did not like it..."Liquidity Crisis" my AZZ.
That is what happened and you know it and once the Examiner submits his report in advance to the parties, then that is when Susman will spring into action and a real "compromise" will be reached.
If you are right, then how come the FDIC has left the deal unclosed, trapping tons of homeowners, sellers and would be homeowners in limbo? Don't you think they would have closed that "loop hole" along time ago? Is it because the FDIC never transferred ownership of mortgages to JPM, just management of them and now the public is becoming aware of this.
Equity has been cancelled in the POR since V1 was submitted on March 26th. So this is nothing new, I can't even find what is new! Same ole waste of paper and shipping of packages to objecting shareholders. Now that is really being a "good steward of the estates moeny." In Your Opinion Right
~Don~
P.S. Why are you still here???
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