So this bubble that popped years ago, would you say that Dimon and crew were aware of WAMU's exposure to these loans when the went through the books back in March of 08 and offered to buy the whole thing for $8? Sounds to me that if what you say is true then Dimon must not be as bright as you think, to put all of the shareholder in jeopardy like that is foolish. Again you should thank KK for rejecting your offer.
I guess you must have missed that the mortgage bubble popped years ago and really exposed the lower grade mortgages WAMU was selling and leveraging them to beyond the hilt. The stock was in huge trouble before the closed door meeting. That was just indicitive of their collapse. You apparently considered that and decided to ride it out. I feel bad for you, I've had some bad outcomes myself, but you have to blame the company and especially it's mangement for their failure. And yourself too.
you act like wamu was the only company practicing this. I'm sure JPM has se exposure to shady deals. You also act like this was a policy issued from the top down. If so why did JPM keep the guy in charge of all of wamu's home loan division? I think it was his reward for landing Dimon wamu.
WM shareholders will get nothing. Those who have been buying up lots of shares for pennies will be able to wallpaper their bedroom with the certificates (if they can even get them.) They wouldn’t want to wallpaper a more public room in their home because it would show their stupidity to all of their guests.