FDIC won’t be a pushover with WaMu suits
I was hoping the FDIC wouldn’t let JPMorgan Chase walk all over it by accepting responsibility for the investor lawsuits filed against JPMorgan Chase for the failed WaMu CDO securities, and it looks like the FDIC actually grew some backbone and is claiming JPMorgan Chase is attempting to rewrite history, and that they never agreed to accept responsibility for such lawsuits.
It would be a shame of JPMorgan Chase was allowed to bully its way into reaping even more benefit from the WaMu acquisition, and it looks like they aren’t going to be able to without a fight.
WaMu failure | admin November 30, 2010
