The biggest problem with these govt officials and regulators they just wanted to save their a s s es. Don't know what the heck it takes to build an institution like WAMU with 119 year tradition, employees, people of that communitites .etc etc. Atleast we are shareholders, sometimes we loose.
This is way too much, look at the Debt holders, they all lost bigtime. I've never seen a bank debt not being paid!!! Ouch!!! this is way too much, scumbags at FDIC & OTS did this crime.
Despite being crook how being a banker, JPM should be part of this process??? There are lots of insitutions will invest in Bank debts.
Many a times the govt just has jerks, want publicity!!!
The news was leaked out to everyone well in advance 3 weeks before, how could OTS do that and to a competitor???
Defintely lawsuits will be coming in full force!!!