In a page right out of the post Sept.11 anthrax scare, a disgruntled 47 year old New Mexican, Richard Leon Goyette, allegedly mailed out 64 letters to JP Morgan which contained a white powder and text claiming anyone who inhaled the powder would die within 10 days. Additionally the sender sent a personal love letter to Jamie Dimon which contained no powder, but instead warned of a "McVeighing" of the bank's Park avenue headquarters.
While the case is still developing, Goyette seems to have an old bone to pick with JPM after he lost $63,000 he had invested in WaMu and which as everyone knows was plucked out of liquidation by JPM.
If convicted the wannabe terrorist faces 330 years in jail and fines totalling $16.25 million.
Which brings us to Chris Flowers, whose $1.3 billion investment in WaMu is exactly 20,000 bigger than Goyette's. One would presume that based on Richard's insane logic, Flowers is somewhere right now printing out 1,300,000 enveloped labels and depositing sawdust, or alternatively preparing a massive CDS bear raid from somewhere deep in the bowels of the 48th and park intersection. Of course Flowers is doing neither, as he is currently broke, after constantly trying to time the bottom in financials only to soon realize it is actually at $0.
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