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Monday, November 06, 2023 4:19:51 PM
What better way than to release a large Libor settlement and also the JPM WMI/payment for the bank?
The IRS would get a large windfall and billions would be injected into this struggling economy.
It makes sense. Plus it has to be done! The $1.88 administrative fee by JPM was NOT payment for the bank! I wish people would stop droning on about that nonsense that it was payment in full! Read the filing!.
I know this is not popular here, but I also think it will all be 75 25. The hedgies would have never allowed commons to the party and then give them all the money. Ridiculous theory.
So when....well IF this is going to happen it will happen very soon. Nobody knows the when, not even the FDIC. Lawyers in the UK will try to drag this out and milk as much money as they can from Libor.
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