Here's an exciting story talking about JPM involvement in the theft of Washington Mutual. Quoting from the article's conclusion:
Summary and Conclusions:
1. Washington Mutual was NOT insolvent.
2. Blatant insider trading occurred prior to the seizure announcement, most likely involving the banking cartel and their hedge fund affiliates.
3. Washington Mutual share price was taken down for several months prior to the seizure by illegal naked short sales, which SEC Chairman Christopher Cox failed to prevent. His July 2008 short sales ban list contained only 19 financial firms and only two of those (Fannie and Freddie) were in danger of being shorted at the time.
4. The Office of Thrift Supervision was not responsible for seizing WaMu. Although that is the official report, the fact is that Shelia Bair, head of the FDIC was responsible for forcing the OTS to seize WaMu.
5. To this day, the OTS, FDIC, OCC, nor any other agency responsible for wiping out WaMu shareholders has provided any evidence of any kind that WaMu was insolvent.
6. WaMu was handed off by the FDIC and Federal Reserve in an illegally devised brokered deal to JP Morgan, whereby there was no auction for WaMu assets as the FDIC claims. It was decided prior to the seizure where WaMu’s assets would go.
7. Those responsible for the biggest banking heist in history should be in prison, including but not limited to the heads of the FDIC, OTC, OCC, SEC, JPM. Furthermore Killinger should be in prison for the mortgage fraud WaMu engaged in.
8. WaMu shareholders should be able to recover 100% of their lost investment due to the illegal seizure and WaMu fraud. JP Morgan and the FDIC should be sued.
Excellent post Rover:
If only the employees of JPM knew the WHOLE story. They would be selling their WAMU (401) shares through their broker ASAP instead of letting Jamie and the thugs trade them for JPM shares as they are being forced to do.
Federal Judge Mary Walrath (Delaware) is currently presiding over this Fraud litigation brought about by Dimon, Bair and others. Rulings will start the house of cards tumbling next week.
In the end, Dimon may be hauled off wearing silver bracelets.