no, this is not like WaMu or Lehman at all.
WaMu is still in court and WaMu was paid for by JPM, not to mention there are some outstanding questions about that deal we don't have time for. Lehman is still in Chapter 11.

This is totally different than those. This is, as I said, like Indymac and Corus. This is officially OVER. There are no more court cases here and no possibilities other than it will be a shell, stripped of anything but the bankrupt holding company (like Indymac and Corus are) .. not to say something can't happen in the future but it's only a SHELL.

and that my friends is the truth.