JPM: The Washington Mutual Story

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JPM: The Washington Mutual Story

JPM: The Washington Mutual Story

The Big Picture-

We will address under-appreciated but material fundamental issues in a forthcoming report. Consistent with the purpose of this report we felt it important to consider outstanding internal control, headline and other extraordinary items that could materially impact JPM’s profitability and potentially highlight further breakdowns in controls.

Washington Mutual: a Story of Opacity and Impunity

Perhaps no other example illustrates JPMorgan’s scorched-earth legal approach better than the disputes over the estate of Washington Mutual (WaMu), which the firm acquired from the FDIC in September 2008. JPMorgan portrays its purchase of WaMu during the depths of the financial crisis as a patriotic act performed by a well-run bank. Its public statements and regulatory filings tell a different tale.

[THE BIG PICTURE]

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One Response to “JPM: The Washington Mutual Story”

  1. http://www.stellionata.com/in-the-news/38-headlines/7662-120509-jpmc-v-waisome-lawrence-nardi-deposition Chase replie to Deutsche bank ;John Kemp stating the notes were never transferred from Countrywide to BOA or anyone.http://4closurefraud.org/2010/11/22/john-t-kemp-v-countrywide-home-loans-countrywide-never-transferred-notes/and more. . SEe DEutsch Bank V FDIC, Chase WAMU,

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