Friday, May 22, 2009 7:25:39 PM
The last law suit filed by Weil is going for tortuous claims which are settled with punitive damages, often 3 times the damage.
So, when DI or whomever comes around with some idea of how these stock prices are going to be lower than Diamond's estimates please remember, there are pressures in both directions.
A slew of lawyers is working on some complex settlement that ends this once and for all, no doubt. But what that number is and how the FDIC and JPM are going to "save face" so to speak, for the good of the faith in our economy by the masses, is a big, big question.
I'm not underestimating the importance of politics here. This actually must be managed in the press and politically speaking because the dark side of this is, in fact, the tyranny that our Democracy is suppose to protect us from!
Accidental or not, tyrannical behavior by Hank Paulson and the Bush admin, aided by Sheila Bair, inadvertently or not is the stuff of the dark ages and blood in the streets, etc. etc.
Don't imagine anything but a reasonable settlement, like a messy divorce but without the child support and alimony!
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