Investing lesson

I learned my lesson the other day (as did many people I'm sure) when it came to investing. I had this great plan, it was all figured out and it was bulletproof.... or so I thought. WaMu had come down to about $1.70 since they were not doing well. From what I was reading one of 4 companies would have bought them in a short time and then it all goes up from there. I stood to make a bit of money. Worst case I thought was that they were strong enough to hold out on their own and bring themselves back up in a couple years and again make money. Well.... just goes to show you how much the gov't can eff up your plans. Apparently the gov't thought they were suitable to do business anymore so rather than let them hang on until they had to go bankrupt, they stepping in and sold them to who I thought would buy them in the first place for less than 1/100th of their worth. Nothing like losing your ass all b/c the gov't had to play god. I could have actually made money on this given this senario had the greed factor not kicked in. At one point it was up to $4 a share. Be careful with your money, a lot of people are losing it all right now.