By Bair so called "auction" This is clearly an conflict of interests an in my opinion bid rigging. JP had enormous more informations than other bidders had. Since 2004 JP planed to aquire WAMU: Project West. Why seizure a few days before TARP? Why denying to set WAMU on short list? Come on, be realistic.
bull the point is ,why would a supposed well trained smart billionere business man offer a very very low balled offer of $8 a share which i understand at that time there was 900+million outstanding shares which = roughly 7-8 billion at that time ,for a bank worth nothing...any smart business mans first offer is always the lowest ...so ex. how he got it 2 or so months later for 1.8 bill..come on stop being a brain washed jpm holder..they are top 3 in the most corrupt out there ...its very obvious