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JPMorgan Chase & Co. Message Board

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  • stok1mom stok1mom Oct 12, 2008 3:13 PM Flag


    Another thought, if WAMU has enough assets in its holding company, and is now filing Chapter 11 restructuring, why couldn't they have staved off their creditors by doing this sooner, and then selling off some of its assets to prop up their capital so the FDIC couldn't shut them down.

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    • Nothing would have prevented its seizure and handing over to JPM for pennies.

      This is a planned robbery hatched at the highest levels by Regulatory authorities/ OTS/FDIC and JPM!!!

      The whole nation and the world is paying the price.

      No one will trust the US banking system anymore, however big they might be!!!

      Even HSBC is not honoring any of i

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