May
26th
Tue
26th
Here’s some fresh fodder for angry ex- WaMu shareholders who think FDIC chief Sheila Bair impropertly shut their bank down and gifted it to JP Morgan (JPM).
According to Bloomberg, JPMorgan will reap a windfall on the order of $29 billion on the deal. WaMu shareholders will no doubt use the data in court.
Felix Salmon: It increasingly seems as though a panicked FDIC thrust WaMu into the arms of Jamie Dimon, who could — and did — ask for pretty much anything he liked, including the right not to have to pay back any of WaMu’s creditors.
