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Re: climberprof post# 86690

Friday, 08/14/2009 9:42:01 AM

Friday, August 14, 2009 9:42:01 AM

Post# of 730761
Well, for arguments sake, if JPM produces the documents I think the whole process will drag on for some more time as WMI begins supporting its case with evidence obtained vis a vis discovery and testimony obtained through depositions. New claims (even third-party claims) may be filed and criminal claims may be initiated against JPM by the U.S. Attorney's Office if/when any incriminating evidence is uncovered in the discovery process. The cost of settling the civil/bankruptcy cases will cost much, much more -- while the criminal proceedings continue to unfold and form a shadow of doubt over JPM and quite possibly, the U.S. financial system and it's regulators.

We do know what documents WMI requested because JPM included WMI's discovery request in the appendix of it's motion for reconsideration.

There is alot at stake with moving into discovery. JPM won't let that happen.

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