For nearly two years now, Mike has wanted to write a follow up article on Washington Mutual, pointing to the gross missteps by very naive shareholders.
In coming weeks, Mike will be posting an article about the Washington Mutual saga, this time focusing on the humiliating ignorance of WaMu shareholder groups and delusional shareholders.
The fact is that they missed a huge opportunity to get something accomplished, if only they had not been so ignorant and naive. Instead, they thought they could handle things on their own. Some even exploited the situation to gain attention for themselves. As a result, they have not even been acknowledged by anyone in a serious manner. In fact, they have become a laughing stock; a form of entertainment.
Despite his SEC complaint exposing the fraud surrounding the seizure of Washington Mutual and the blatant insider trading involved, not once was Mike contacted by any WaMu shareholder groups to request his participation in helping to remedy the matter. Instead, shareholders have been led astray by numerous individuals who placed their confidence with attorneys. This serves as an excellent example of the impact of Mike being banned by the media, as the people have not been exposed to the truth. Rational investors would have seized the opportunity to rally behind Mike and pressure the media to let his voice be heard since he was the only credible expert to have uncovered the fraud surrounding WaMu.
These impulsive investors did not even bother to research Mike's track record or read America's Financial Apocalyse, for if they had they might have realized that they could have had the world's leading expert on the economic collapse as an advocate for justice in the fraud.
In this coming article, Mike will illustrate why he has decided to depart from assisting Main Street in exposing fraud. It's futile to try to help sheep who insist on remaining sheep.
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