WaMu still getting raped by JP Morgan Chase
In the latest settlement agreement between JP Morgan Chase and WaMu’s former holding company (and the FDIC), Chase is backing away from its claim to tax refunds in exchange for a larger share of the WaMu assets.
Does anyone else think it is strange that Chase is laying claim to $6.4 billion in assets when they paid only $1.9 billion for all the banks assets in 2008? Someone is getting screwed here and I think it is the WaMu shareholders and bondholders.
Lawsuits, WaMu failure | admin May 21, 2010
