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Real Estate & Property Law

: Housing Wire

WaMu Makes JPMorgan $29 Billion as Shareholders Rail

By JACOB GAFFNEY

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Reports this morning are speculating that new accounting rules will allow JPMorgan Chase & Co. (JPM: 35.74 +3.87%) to gain an additional $29bn over the life of certain Washington Mutual loans, as shareholders in the seized bank are joining forces to criticize the handling of the entire affair. JPMorgan purchased WaMu assets when federal regulators seized [...]

Full post as published by Housing Wire on May 26, 2009 (boomark / email).

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