JPM Sues FDIC Over WaMu Claims

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JPM Sues FDIC Over WaMu Claims

JPM Sues FDIC Over WaMu Claims

This could possibly be excellent news! Lets see if the FDIC pulls out the very secret 118 page agreement that has been kept from the public eye!

There’s going to be a ton of “Redacting” and “Orders for protection” on this one here…that’s for certain. Or it’s all just plain out fake (gaging each other).


American Banker-

JPMorgan Chase (JPM) has sued the Federal Deposit Insurance Corp. over Washington Mutual’s legal liabilities, the Wall Street Journal reported Tuesday.

The complaint, filed in U.S. District Court for the District of Columbia, is not yet available through the court’s website. However, it alleges that the FDIC has failed to uphold an obligation to absorb legal claims against Washington Mutual, which was seized and transferred to JPMorgan in 2008, according to the Journal.

 [AMERICAN BANKER]

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