strange, isn`t it?
wamu was seized, because the loans on the book could have failed. they did not fail until then, no, they could have failed.
and JPm did know this, because they gave this information to moodies, and moodies then downgraded Wamu.
and now this #$%$ collyer tells us, JPM did only buy the parts of Wamu, clearly on the book at the 25/9/2008.
what happens now with the taxrefunds, 3,6 bio went to JPM, because JPM had some nebulous claims against Wamu.
but, the taxrefunds were not at the books of Wamu at the 25/9/2008.
will JPM now pay this amount back to the trsut?
will some shareholder, who doesn`t believe in stupid gifts form some mortgages from JPM to Wamu, now ask judge mary "the rat" wallrath, to order JPM to pay the taxrefunds back?