Despite abusing her already excessive powers and destroying century old financial institutions such as Washington Mutual, Ms. Bair wants even more!
Public documents(OTS report) clearly show that Washington Mutual bank was well capitalized through the date of its seizure. However, in collusion with JP Morgan Chase - which was infact in deep finacial trouble with its derivative exposure - Ms. Bair seized the bank anyway, damaging our credit markets for a long long time.
Washington Mutual Inc., the holding company for WaMu is challenging this abuse of power through the legal system. This is bound to be damaging to FDIC and Ms. Bair's credibility. So guess what power she wants now?
You guessed it! Now she wants the power to `resolve' bank holding companies! So that no one can challenge her corrupt ways anymore. She believes that in the pretext of avoiding financial `melt down' the Congress will fall for anything.
I hope President Obama will remove this devious and manipulating dictator from office before she can do any more damage to our financial system or worse our constitution..
Wednesday, May 13, 2009
Say it isn’t so Bair…
Say it isn’t so Bair…
Say you didn’t use the numbers provided by JPM instead of those offered by your sister agency, OTS?
Say you didn’t communicate confidential WaMu data that lead to a leak of your agencies desire?
Say you didn’t fire-sale a company worth between 300 to 400 billion for 1.88 billion?
Say you didn’t allow the bidder to pick-n-choose assets and liabilities?
Say you didn’t allow the winning bidder to take any asset that wasn’t a deposit?
Say you didn’t refuse other bidders based on pre-arranged rules to prevent equal bidding?
Say you didn’t know that JPM was attacking WaMu in the media for the purpose of devaluing?
Say you didn’t snicker when Paulson said “You should’ve sold…you should do so now..”?
Say you didn’t hint to JPM to be ready – we’re about three weeks out?
Say you didn’t take advantage of confidential information to fast-track TARP?
Say you didn't need WaMu to fail because your agency didn't have the money to cover deposits?
Say you didn't communicate via electronic documents that may have been found by Quinn and IM?
Say there isn't a smoking gun with your prints on the trigger.
Say it isn’t so Bair… Say it isn't so...
Say that none of the above contains a shred of truth.
(thanks to vnertia , yahoo message board)
Say you didn’t use the numbers provided by JPM instead of those offered by your sister agency, OTS?
Say you didn’t communicate confidential WaMu data that lead to a leak of your agencies desire?
Say you didn’t fire-sale a company worth between 300 to 400 billion for 1.88 billion?
Say you didn’t allow the bidder to pick-n-choose assets and liabilities?
Say you didn’t allow the winning bidder to take any asset that wasn’t a deposit?
Say you didn’t refuse other bidders based on pre-arranged rules to prevent equal bidding?
Say you didn’t know that JPM was attacking WaMu in the media for the purpose of devaluing?
Say you didn’t snicker when Paulson said “You should’ve sold…you should do so now..”?
Say you didn’t hint to JPM to be ready – we’re about three weeks out?
Say you didn’t take advantage of confidential information to fast-track TARP?
Say you didn't need WaMu to fail because your agency didn't have the money to cover deposits?
Say you didn't communicate via electronic documents that may have been found by Quinn and IM?
Say there isn't a smoking gun with your prints on the trigger.
Say it isn’t so Bair… Say it isn't so...
Say that none of the above contains a shred of truth.
(thanks to vnertia , yahoo message board)
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