Saturday, March 20, 2010 4:27:03 PM
UST has far-reaching powers into DOJ and McMahon and Walrath are not the bribe type officials. SO yes, JPM and FDIC are really worried about this, but they think their power will get them out of it.
I do have a theory that Barclay's wants to buy WMI and strong-arm both JPM and the FDIC into submission. Rotschild will play this in his favor, the consequences of the global economy. That's just me. Shareholders should see significant recovery if criminal actions were the result of their injury.. JPM and FDIC could be in serious trouble if this proven to being close to true.
Getting a Jury to rule in WAMU's favor will not be hard "most Americans hate the big banks now" and it would not be hard "using the new discovery docs" to prove this case. JPM and FDIC are basically "quaking in their boots" and in their opinion, no news is good news and the only way to put this to bed, is to pay off every one. THJMW can not and will not accept a settlement that does not compensate equity, if criminal wrongdoing is suspected.
If she approves the motion for new board members to be elected and a shareholder meeting to be held and paid for by the estate, then we are in a beautiful negotiating position, because the EC will take over the case and push Quinn "front and center" to litigate this baby to a JURY and we know what result that would be! Weil will get us out of BK and EC will take over afterwards.
Jamie Dimon, Charlie Scharf, Tim Main, Sheila Bair etc.. will be replaced and new people will take over. Shareholders of WMI could eventually own significant positions in JPM, because this could result in exclusive dilution of JPM. TPG could take over JPM with the amount of shares they would recieve if JPM was forced into a swap.. They do not WANT THAT!
This is a perfect way for Barclay's to get control of JPM. Buyout/Merge WMI and prosecute the lawsuits, get the CASH and NOL's in the process! BRILLIANT !!!
Please do not invest in this stock because of what I say, you must do your own DD and make decisions based on your knowledge, NOT MINE!
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