waf76

Washington Mutual (WAMUQ.PK -9.8%) - the bankrupt holding company - argues in bankruptcy court for JPMorgan Chase (JPM +1.8%) to return $4B that it says was on deposit at the time WaMu banks were seized. For its part, JPMorgan (along with the government) says WaMu's bookkeeping was a "shell game" and the money may have been a capital contribution instead of on deposit.

JP Morgan is going to have to settle at some point, this was just buying time ...