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Evidence of improper governmental seizure exposed in the Washington Mutual (WAMUQ) bank seizure case

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WAMU Improperly Seized

by TysonMM (Subscribe)

Posted on: Apr 3, 2009 at 3:30 PM PST

Channel: On the Scene

Due to recent actions by the FDIC (Federal Deposit Insurance Corporation) and JPM (JP Morgan Chase), it has become apparent that Washington Mutual Inc. (WMI) will have to fight seemingly endless court battles to get proper compensation for its assets which were illegally seized and virtually given away to JPMorgan Chase (Stock Symbol: JPM). These assets include a number of
major items that were sold as property of Washington Mutual Bank (which was “bought” by JPM for $1.9 Billion) and are actually property of the former holding company of the bank. Given its charter, the FDIC has no authority in these matters as its’ concerns with Washington Mutual should have ended immediately after its fire sale of the bank. Assets which were not part of the bank were sold.

Due to these reasons, Washington Mutual Inc (Stock Symbols: WAHUQ, WAMPQ, WAMKQ and WAMUQ) has filed suit against the FDIC, and the FDIC is attempting to sway the public through press releases trying to discredit the parent company and muddle the truth. As concerned shareholders of Washington Mutual Inc and American citizens it is clear that the truth behind these actions will not see the light of day unless we speak up.

To combat this, a website has been created by shareholders to provide insight into what has occurred in this case and to provide the general public the facts behind what happened in the seizure and the ensuing months. This site (www.WamuTruth.com) contains links to official government documents regarding the seizure, as well as other pertinent information regarding the attempts of the several parties to prevent justice from being done.

Through the unprecedented seizure of a solvent and well-capitalized bank and the essential gifting of it to JP Morgan Chase, it is clear that America is reverting to a country with complete disregard for the law and due process. This seizure affected all Americans and precipitated the greatest stock market collapse seen since the Crash of 1929. The information regarding this crash can be viewed at www.WamuTruth.com.

As Thomas Jefferson said, “The natural progress of things is for liberty to yield and government to gain ground.” It is time for Americans to reverse this trend and return our nation to its roots. It is time for this country to once again become a government "by and for the people" and not a handful of Wall Street bankers and incompetent government agencies. Getting the truth out about the illegal acts surrounding the seizure of Washington Mutual Bank and its parent company's subsidiaries is where our group intends to start. Government agencies cannot be permitted to disregard the law and make hasty decisions that adversely affect millions of American citizens. It is time to learn the facts, and make the government fix what it has bungled. Only once that is done will a true economic recovery occur.

Please view www.wamustory.com to receive more information

Jerome Livingston says ...

On Friday, Apr 3 at 4:10 PM

Commenter

This is even more out there as well. See also http://www.wamu-shareholders-resources.com/

Ron Taylor says ...

On Friday, Apr 3 at 4:15 PM

Commenter

About time the media is covering the truth about the WaMu takeover. The FDIC overstepped its authority in this case and gave a $300 billion bank to JP Morgan for $1.9 billion.

thai bao says ...

On Friday, Apr 3 at 4:17 PM

Commenter

Great article. We need to reveal the truth about wamu story to the public.

Jason says ...

On Friday, Apr 3 at 4:31 PM

Commenter

This is so wrong. I am getting tired of living in this country. I hope they clean up the mess they made. I want my America back!

surendra sinha says ...

On Friday, Apr 3 at 4:37 PM

Commenter

I have lost over 135000 dollars in wamuq because of fdic illegal seizure of the bank. I will support any action to bring those incompetentand evil people to justice. It is not about only money but the truth and justice. victory of truith.

Taylor says ...

On Friday, Apr 3 at 5:54 PM

Commenter

It is very sad that many comparisons can be made with the actions of communism countries and the actions of our government in these times.

HROLLER says ...

On Friday, Apr 3 at 5:56 PM

Commenter

http://wamustory.com/

TysonMM says ...

On Friday, Apr 3 at 5:59 PM

Commenter

Join us over on the Yahoo Board for WAMUQ.pk for ongoing discussions. http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_W/forumview?bn=86316&vmode=1

Rod says ...

On Friday, Apr 3 at 5:59 PM

Commenter

I am still a stockholder of WMI in which the assets of our company were not only Improperly siezed, but continue to be held hostage by the FDIC and JPMC. Are there no just politians or reporters left in America.

rtaylor111 says ...

On Friday, Apr 3 at 6:03 PM

Commenter

"illegal seizure." That is the crux of this entire issue. Will the American people and its courts allow this seizure to stand? When and who repealed the 5th amendment to our constitution? "FDIC, let my WaMu go."

James S says ...

On Friday, Apr 3 at 6:26 PM

Commenter

Do are Washington State politians even have a voice? I have heard nothing from them.

John H. says ...

On Friday, Apr 3 at 6:30 PM

Commenter

Incredible. The FDIC has made too many mistakes to be allowed to continue harming society. There needs to be justice and restitution for Washington Mutual.

WaMuQ'd says ...

On Friday, Apr 3 at 6:33 PM

Commenter

WaMu Documentary coming soon... Proof that JPM either committed fraud or perjury... Find info at: http://wamuqd.com

Nicole says ...

On Friday, Apr 3 at 6:40 PM

Commenter

Also everyone were all invited to my WAMU - Google Group to discuss about the bankrupt Washington Mutual, Inc. and to get more WaMu information: http://groups.google.com/group/Wa-Mu

RodeRunner says ...

On Friday, Apr 3 at 6:42 PM

Commenter

Jamie Dimon stated on Sept 25th that JPM did 3 weeks of DD on WAMU. So much research Then in the JPM suit, Jamie DImon states, We only 24 hours notice of this and 12 hours for DD. What a Liar. He lied on a legal document.

J Kelly says ...

On Friday, Apr 3 at 6:44 PM

Commenter

Seattle needs to ask the question, "Why wasn't your bank protected from abusive short sellers?" That protection was given to all the other large banks, many in far worse shape! This protection was given months before the FDIC stole your WAMU!

Joe Monroe says ...

On Friday, Apr 3 at 6:45 PM

Commenter

I am a preseizure holder of WMI stock and believe this is a first of many articles that will come out in the near future. The exposure of such incompetancy within our government financial sectors is an embarrassment to this country.

Michael says ...

On Friday, Apr 3 at 6:47 PM

Commenter

Why did the FDIC allow other banks to bid on WAMU for as little as $0, but the winner could only be JP Morgan? The other bids disappeared. Where is the 3.1A asset list. The FDIC tossed it and refused to give it out under Freedom of Information Act!

madhawn says ...

On Friday, Apr 3 at 6:49 PM

Commenter

Discrepancies upon discrepancies from the FDIC and JP Morgan. If one truly researched the seizure of WAMU...one will be astounded at the numerous contradictions from the FDIC and JP Morgan. They lied and stole WAMU...incredible travesty for America.

Nicole says ...

On Friday, Apr 3 at 6:51 PM

Commenter

My first post: It's about time all of this were coming up in the media, thank GOD! :-) When this s@#t started to happen on September 26, 2008, i started to get a bad feeling about this that something is not right. I love that bank very much !

Truth It's whats for dinner says ...

On Friday, Apr 3 at 6:51 PM

Commenter

WMI requested a Jury Trial - examine (under oath); Paulson/Bair/Dimon. Triple damages when it’s proven that the FDIC gifted more than the “whole bank” to JPM(c) "Providian" it’s obvious that JPMC’s Proof of Claim was a mockery of J. Walraths order.

Mike G says ...

On Friday, Apr 3 at 6:52 PM

Commenter

What really irks me is that Shiela Bair, the head FDIC at the time of the seisure, was brazen enough to make a statement saying that the siezure didn't cost the taxpayers a dime! I guess the employees and small businesses impacted aren't taxpayers?

Nicole says ...

On Friday, Apr 3 at 6:53 PM

Commenter

Also everyone were all invited to my WAMU - Google Group to discuss about the bankrupt Washington Mutual, Inc. and to get more WaMu information: http://groups.google.com/group/Wa-Mu

Zhan says ...

On Friday, Apr 3 at 6:54 PM

Commenter

Great article! Let more people know the full story about WaMu's Seizure.

Nicole says ...

On Friday, Apr 3 at 6:54 PM

Commenter

My second post: Also everyone were all invited to my WAMU - Google Group to discuss about the bankrupt Washington Mutual, Inc. and to get more WaMu information: http://groups.google.com/group/Wa-Mu

Nicole says ...

On Friday, Apr 3 at 6:57 PM

Commenter

My second Post: Also everyone were all invited to my WAMU - Google Group to discuss about the bankrupt Washington Mutual, Inc. and to get more WaMu information: http://groups.google.com/group/Wa-Mu

Woot says ...

On Friday, Apr 3 at 6:57 PM

Commenter

Finally, another side to this story is being revealed. When do I get my bank back?

Nicole says ...

On Friday, Apr 3 at 6:58 PM

Commenter

Go WAMU ! ! !. Also everyone were all invited to my WAMU - Google Group to discuss about the bankrupt Washington Mutual, Inc. and to get more WaMu information: http://groups.google.com/group/Wa-Mu

JOHN R. says ...

On Friday, Apr 3 at 6:58 PM

Commenter

Talk about corruption, wrong doing and outright theft. The FDIC, JPM(Dimon) Paulson and the system (Their system of greed and breaking all laws possible) should be jailed and stripped of all their powers and money. WAMU will be back.

Abraham Lincoln (attributed): says ...

On Friday, Apr 3 at 7:11 PM

Commenter

"You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time." It's that simple folks - FDIC/JPM wants the public to believe all was well with the fire-sale of WAMU.

Joyce says ...

On Friday, Apr 3 at 7:17 PM

Commenter

That the government is trying to sweep this under the carpet and the FDIC is releasing utter lies about the situation is unforgivable. Get her out of her position, SHE has CAUSED much of the current crisis!!! The FDIC needs to follow the law too!!!

Jay says ...

On Friday, Apr 3 at 7:17 PM

Commenter

Seriously the government and JPM colluded to take over WAMU for 1.9b while paying 14b for Indymac. What is that about??

JJFLASH says ...

On Friday, Apr 3 at 7:21 PM

Commenter

FDIX seized the bank without notice and sold to JPM to help save JPM. All the while, JPM was reviewing the books of WMI and pretending to negotiate with WMI while secretly working with FDIC behind the scenes. JPM has already profited from the theft

Mike says ...

On Friday, Apr 3 at 7:22 PM

Commenter

We need justice for everyone regarding this.

Rich says ...

On Friday, Apr 3 at 7:25 PM

Commenter

Simply unbelievable. So much for our government standing up against the greed of big business. Now they're in partnership with them. This is a wrong that must be righted! Why isn't the media all over this?

Myadad says ...

On Friday, Apr 3 at 7:25 PM

Commenter

I said this was wrong when it happened and this just proves it. The people of Seattle will suffer as the Wall Street gang stole our bank. Why are our Senators not screaming for justice for all WAMU employees and shareholders? This is just sad.

Lawless FDIC says ...

On Friday, Apr 3 at 7:26 PM

Commenter

Who do they think they are? Don't even follow their own rules.

The Truth says ...

On Friday, Apr 3 at 7:31 PM

Commenter

KOMO TV!! See the above comments. This is the type of real news the local people want and need. Almost everyone in the Puget Sound was effected by the theft, loved ones losing jobs or people losing their retirement. PLS. DO A STORY FOR THE PEOPLE

Ida Mae says ...

On Friday, Apr 3 at 7:31 PM

Commenter

If you were a Washington Mutual employee or shareholder, this suit gives hope for some recovery. You can still buy shares very cheap and if we win the suit, maybe get full recovery of what we lost. I bought WAMPQ which are preferred shares.

mstv says ...

On Friday, Apr 3 at 7:35 PM

Commenter

It's disturbing how little media attention blatant and illegal abuse of authority by a government agency gets. I was wondering how long it would take for an article to come out that actually pointed out the fact that the FDIC broke the law here.

Sergio/ihubgitano says ...

On Friday, Apr 3 at 8:06 PM

Commenter

and this is only a little bit of people virtually hold up of their money posting here, there was people from all over the world who trusted our laws and banking systems who got burn here, Madoff its a baby compared to some of this "public servants"

Richard G says ...

On Friday, Apr 3 at 8:25 PM

Commenter

After I retired, my wife and I were able to buy 35 WM-PR shares. We figured the extra $225 per month would be a nice addition to my S.S check, and it was for a while. But it all went up in smoke one Thursday nite. That TRUELY hurt us.

Let's Not Forget..that much of JPM's says ...

On Friday, Apr 3 at 8:53 PM

Commenter

latest fillings with the SEC and it's public release to the shareholders includes market mark downs and revenue generated by WMI assets still in contention - they (JPM) should have to do a corrected filing showing that those streams are in contention

Rod says ...

On Friday, Apr 3 at 9:31 PM

Commenter

Richard G, I feel for you and the multitude of others who have suffered from the betrayal of their own goverment agency. Will there be justice? One could only hope.

Jetbird says ...

On Friday, Apr 3 at 9:35 PM

Commenter

Where are our congressman/woman, Senator, Mayors, and Governor? Why they have nothing to say? Are they all mute, deaf and blind? Why WA residences have to suffer for their ignorance of the seizure of WAMU and they aren't screaming for justice?

Jeff says ...

On Friday, Apr 3 at 9:59 PM

Commenter

The largest theft in US history and the news still spreads the feds lies!!! Is it lega for the fdic to take property that doesnt belong to wamu and sell it to jpm, a $20 billion dollar credit card company!!! The gets to pay for that theft now.

Nowitsourturn says ...

On Saturday, Apr 4 at 12:44 AM

Commenter

This article says it well. The FDIC gave away to JPM assets of the WMI Holding company that did not belong to the WaMu Bank. Now it appears every effort is being made to avoid repair of past mistakes by the FDIC

want justice says ...

On Saturday, Apr 4 at 12:54 AM

Commenter

We need justice in this country.

123lukie says ...

On Saturday, Apr 4 at 2:35 AM

Commenter

its good to see this is finally getting some where

Henry says ...

On Saturday, Apr 4 at 3:41 AM

Commenter

I want to see how it end. I loss about $ 10,000.

Irokoko says ...

On Saturday, Apr 4 at 4:51 AM

Commenter

The last time I checked this is the USA, where the rule of law should be paramount. This is a test for this administration to do the right thing. They cannot let JPM & FDIC get away with this as it will erode our fundamental rights under law.

WaMu customer says ...

On Saturday, Apr 4 at 8:02 AM

Commenter

Contrary to popular belief, WaMu still exists. The Washington Mutual Holding company (WMI) is suing the FDIC for its seizure of the bank. The WMI stock is traded under symbol wamuq.pk.

Craig says ...

On Saturday, Apr 4 at 8:11 AM

Commenter

Thievery sums it up.

dbad says ...

On Saturday, Apr 4 at 9:02 AM

Commenter

DOJ will hunt Bair and JD like the rat in the end. Again no will stay power forever and above the law.

electrofried says ...

On Saturday, Apr 4 at 9:36 AM

Commenter

With the Wamu suit against the FDIC filed with jury requested the only result will be the seizure was illegal. The amount of information that has come to light since the seizure is both darkly astonishing and astounding.

Outraged says ...

On Saturday, Apr 4 at 10:02 AM

Commenter

This unbelievable collusion has got to come to light. With the country the way it is, I bet it gets settled to sweep it under the rug. Here's hoping we get a huge media circus trial and the FDIC and JPM are reduced to arguing the definition of "is"

gator says ...

On Saturday, Apr 4 at 10:03 AM

Commenter

I am still amazed there hasn't been good coverage of this theft. I am glad someone is getting the truth out there.

wamu holder says ...

On Saturday, Apr 4 at 10:09 AM

Commenter

This is a clear case of thievery, corruption and governmental collusion. The FDIC under Bair has proven to be an agent in Dimon's covert carpetbaggery ! This issue must gain sunlight!

wolffe777 says ...

On Saturday, Apr 4 at 10:39 AM

Commenter

Great article,....Seems it is just a matter of time before things are made right for shareholders. I beleive there is no way that they (FDIC, J.P. Morgan) can get away with what they have done. Nice try though, I'll give them an E for effort.

KACEY says ...

On Saturday, Apr 4 at 12:03 PM

Commenter

This has been one of the worst overstepping of powers this country has ever seen. Whomever orchestrated and caused this fiasco should be fired. The FDIC and JPM should be made to pair a fair price for the assets they seized in this raid...sad day

J Dimon says ...

On Saturday, Apr 4 at 12:47 PM

Commenter

Around Sept 16, 2008 there was an electronic draw down of bank deposits of 550 billion. We know 16 billion was reported for Wamu, how much was drawn from JP Morgan (100 BB?) and Citi? When will the brainwash Rothschilds media machine tell the truth!

Nicole says ...

On Saturday, Apr 4 at 1:48 PM

Commenter

J Dimon Are you really James Dimon ?

Morgan says ...

On Saturday, Apr 4 at 2:45 PM

Commenter

As more details of Sheila Bair and Jamie Dimon's theft of WAMU are exposed I honestly say that I believe their time will come. I'm looking forward to the jury hearing their testimony.

ATWO says ...

On Saturday, Apr 4 at 4:08 PM

Commenter

I believe there will be a resolution to the illegal seizure of the assets belonging to WMI. But this country is built on lies and corruption of the highest order, and the evil perpetrators will likely walk away unscathed. Justice for the right price.

Nicole says ...

On Saturday, Apr 4 at 4:40 PM

Commenter

I kept on seeing the articles coming up every day saying - JPMorgan Chase is going to rebrand the WaMu branches to CHASE across the Country, I believe it's not too late for Washington Mutual, Inc. to get them back. F..k JPMorgan Chase and the FDIC !

BDAD says ...

On Saturday, Apr 4 at 6:15 PM

Commenter

This is the reason the people are losing trust in the government. This is a bigger issue than one company. It's a fight for truth and justice for all!

Tom says ...

On Saturday, Apr 4 at 7:07 PM

Commenter

1) if WaMu was so bad so ugly, why did JPM offer WaMu $8/share in Spring 2008? 2) if WaMu continued to be so bad so ugly, why didn't JPM say "I simply don't want to touch WaMu" on Sept 25, 2008? They apparently wanted it but they didn't want to pay.

John says ...

On Saturday, Apr 4 at 7:23 PM

Commenter

This will never get to court. There doesn't exist a jury that wont decide in favor of WMI. This is "THE GREAT BANK ROBBERY" of the 21st century. Some people put a gun to the teller and say stick'em up others do it like this with power plays, bribery.

Tom says ...

On Saturday, Apr 4 at 8:29 PM

Commenter

So, what action can we little sharelosers do other than spreading the words? They won't buy the words, and the big mouthpieces are paid for by them. I am amaed by Rodney King: his case received bigger attention than this huge case.

Mals says ...

On Saturday, Apr 4 at 9:35 PM

Commenter

Seriously, it's like high society robbery. This explains how thief is educated enough to steel in the open market. No one can question. How can this be possible.. Common guys... let's fight, bring the truth.

Mikey says ...

On Saturday, Apr 4 at 10:13 PM

Commenter

The chickens have come home to roost. FDIC will have to suck this one up big time or face the embarassment and humiliation a jury trial will bring. WAMU has JPM and FDIC right by the ba**s. Escpect FDIC to settle very quickly to save their asses

fmm says ...

On Saturday, Apr 4 at 10:21 PM

Commenter

Kill Wamu to save JPM== to save US Finance

Russell N. says ...

On Saturday, Apr 4 at 10:53 PM

Commenter

Nobody caught this yet... amazing. The title should read: WAMU improperly SEIZED not Sized... but I guess if it being up graded to a larger size, then who cares....

wamuloser says ...

On Saturday, Apr 4 at 11:33 PM

Commenter

Get over your loss. WAMU Mgmt ran this bank into the ground with a risky portfolio and incompentence. Thanks to JPM for stepping in to take over this failing institution. Funny how easy it is to blame everyone but yourself for a bad investment,

B0PFAN says ...

On Sunday, Apr 5 at 12:36 AM

Commenter

Its time to realize we have nobody to blame but ourselves for poor investment decisions. Everyone needs to do a better due dilligence when making future investment decisions. Thanks to the FDIC for doing what was necessary.

Neal says ...

On Sunday, Apr 5 at 1:19 AM

Commenter

Glad to see KOMO beginning to cover this story. Hope to see much more media coverage. I am curious how the FDIC was able to sell IndyMac for 14 billion, while only receiving 1.9 billion from JPM for WAMU. IndyMac's assets are a small fraction of WAMU

Robert Landbloom says ...

On Sunday, Apr 5 at 6:55 AM

Commenter

Wamuloser and B0PFAN who ever you are........For every complex and esoteric problem there is a simple solution .... and it is usually wrong..... like you both are in this case. Obviously you haven't looked past your noses as is the case with most.

kjarian100 says ...

On Sunday, Apr 5 at 7:31 AM

Commenter

JPM, FDIC, and OTS stole Wamu for pennies on the dollar. I think the courts will set this one right! Or, if they're smart, they'll settle this properly before it ever has to go to court!!!

beth says ...

On Sunday, Apr 5 at 8:56 AM

Commenter

I can believe this has not gotten the attention of Local media! All I have seen from them are blurbs of mediocrity.

Ron says ...

On Sunday, Apr 5 at 9:08 AM

Commenter

This was allowed to happen because we have two of the least powerful Senators in Congress who will blindly follow whatever the Democratic leaders say which is dictated by the big banks lining their pockets.

Tom says ...

On Sunday, Apr 5 at 9:43 AM

Commenter

That's right: it's a rape for us sharelosers but it's a "we devlivered you organism at no cost" for them. That's why they want people to thank FDIC/JPM for doing this, "otherwise the trouble will be bigger". F*** off, burglars!

Tom says ...

On Sunday, Apr 5 at 9:51 AM

Commenter

I liked the AIG idea. WM shareholders should protest in front of Dimmon/Bair's residence. For sure, no major mouthpiece will report it but if it becomes a forever thing and when the momentum drives 10000 people to Dimmon/Bair's front yard, media ig

Tom says ...

On Sunday, Apr 5 at 9:57 AM

Commenter

it might be easier to organize a 10000 people cloud to protest Dimmon/Bair's residence than to "borrow" their PowerMachines (media/court/WashingtonDC) to fight on our behalf. Remeber that FRE/FNM/AIG shareholders can throw in their support.

Tom says ...

On Sunday, Apr 5 at 10:10 AM

Commenter

1) we need to hire Rodney King (and OJ?) as our consultant: how did he receive that kind of media attention? 2) Monica received higher media attention, too. 3) can we elect an African American WM shareholder and a woman WM shareholder to represent us

JPM now selling s stolen assets says ...

On Sunday, Apr 5 at 7:05 PM

Commenter

The fine print if you buy them is: "The sale will be made without representation or warranty, express or implied regarding title, possession, encumbrances or condition of the Property on April 10, 2009." So when WMI gets them back, you lose your $.

Buyer os stolen assets says ...

On Sunday, Apr 5 at 7:06 PM

Commenter

WHAT! I paid JPM for this, But WMI owns it and I don't get my money back?

Anonymous says ...

On Sunday, Apr 5 at 8:18 PM

Commenter

at another point in time when America was AMERICA Paulson/Bair/Dimon would be in the stocks and we would get to throw the rotten food at them.....or maybe see them hung for treason

Eric says ...

On Thursday, Apr 9 at 6:43 AM

Commenter

All of these posts are the same. JPM got WAMU for nothing. I agree. Who will step up and provide legal funding and really do something about this? What connection did Paulson have? Did the FDIC have authority? JPM got what they always wanted.

Seattle says ...

On Thursday, Apr 9 at 7:11 AM

Commenter

WMI has the best lawyers. I'm certian WMI will certianly win this case. I highly doubt we will get to see this go to trial. We will see a settlement. Bair, Dimon, Paulson and the others don't want to go on the stand.

BellevueRes says ...

On Friday, Apr 10 at 2:01 AM

Commenter

Someone in FDIC took a fat cutback from JPM...as Wamu shareholder I like to know where to join the lawsuit for this improper action by the Gov't.

Seattle says ...

On Friday, Apr 10 at 3:51 AM

Commenter

For those who want to communicate with us on the lastest action, go to the Yahoo finance board for WAMUQ.pk and also visit www.wamustory.com

Jonah says ...

On Friday, Apr 10 at 7:34 AM

Commenter

What a travesty. I do hope something comes from the lawsuit. JPM makes me ill. The 2 corporate cultures are polar opposites. Yes, WaMu took too many risks, but the action taken was extreme and unwarranted, as the original post describes.

Scubadivingminh says ...

On Friday, Apr 10 at 8:58 AM

Commenter

FDIC was scared that they might take a hit so they sold it for peanuts to JP Morgan Chase and pocketed $1.9 Billion. . . . The FDIC tried to sale Wachovia for $1 a share to Citigroup, but Wells Fargo came in and said no way and paid $7/share!

Anonymous says ...

On Wednesday, Apr 15 at 11:02 PM

Commenter

It's good that all of you are using you rights to speak out. The truth to this matter is simple, the big fish eats the little fish.And the Goverment does what it wants and gives you what it thinks you need. They told me I like the new world order,

jay marcel says ...

On Sunday, Apr 26 at 9:46 PM

Commenter

Why has the media been so silent about this debaucle. And what about JP Morgan's involvement with Bernie Madoff? Where is the justice in our so called "model" of a just society?

Who you let you all out of your cages? says ...

On Wednesday, Apr 29 at 10:07 PM

Commenter

If Killinger and the board had sold the company to JPM in April this would have gone much better for shareholders. BTW idiots, KOMO isn't "covering" this story, they are just giving space to your nutjob leader "TysonMM". What a sad bunch this is...

Hey, Who... I want to buy your car and says ...

On Thursday, Apr 30 at 9:48 AM

Commenter

your house for $6.00. And you better sell them now OR ELSE I'll get a government agency to steel them from you and give them to me for .06. Sound good A-hole?

Go Get Em Weil! says ...

On Tuesday, May 12 at 2:32 PM

Commenter

"Do are Washington State politians even have a voice? I have heard nothing from them." LOL!! Cantwell? = EPIC FAIL. Murray? = EPIC FAIL.

Sharon says ...

On Thursday, May 21 at 6:48 PM

Commenter

With the help of the media. Faber, Cramer and CNBC. Paulson, Bair and Diamon were able to bring the demise of WM. No notice of takeover, no warnings so that the bank could correct what was needed. My only question is WHY?

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