by SeattleMoose » Fri Oct 30, 2009 12:29 pm
Where it really gets interesting is starting on pg 24 para 24.
A fascinating and sickening read. I think a lot of us smelled a rat but we were not privy to how it all went down.
JPMC essentially targeted WAMU in 2004, infiltrated WAMU with "their boys", and used their influence in Government and the media to get WAMU "for a song" while leaving thousands of WAMU investors with "junk" stock.
This only confirms what most of us suspected about the sudden JPMC blitzkrieg/takeover...a criminal act.