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LuckyPanda

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LuckyPanda

Re: Dmdmd2020 post# 528441

Wednesday, 07/25/2018 10:57:49 AM

Wednesday, July 25, 2018 10:57:49 AM

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Dmdmd2020, the liability from the LIBOR rigging seems so high that I'm afraid in the end, the judge will simply impose a small win (<1B) on the grounds of national security. Also, I dont think FDIC-R wants to win big for the failed bank as it is not in their best interest if the big banks like JPM faces solvency issues due to a 100B payout. This whole LIBOR suit by FDIC-R is mainly for show as it reminds me of the "fox guarding the chicken coup".

IMO, our only realistic recovery comes from the safe harbored assets. I just wanted the LIBOR lawsuit to end so that there arent anymore excuses for them to not release the safe harbored assets.
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