Washington Mutual WAHUQ Trust Prf (fka WAHUQ)

[WaS]

All it will take is for the multitude of undetermined amounts not specified in the suit to have #s attached to them to push the number from a 16 billion to 100 billion dollar lawsuit.

The MMs will play, but in the end only a fool would sell until a settlement is reached. The FDIC and JPM cannot let this fester in a market like this. Keep in mind that Lehman is represented by the same law firm and they're already suing JPM for freezing accounts which directly forced the company into bk.

The chickens have come home to roost for JPM and the FDIC. They'll settle or foreign investors will flee like the bird flu is passing through America's financial market.

"All it would take is a counter-lawsuit or the IRS to prove it's 12B claim and all the other stocks come crashing down."