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fsshon

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fsshon

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Re: mordicai post# 87625

Thursday, 08/20/2009 3:12:29 AM

Thursday, August 20, 2009 3:12:29 AM

Post# of 736083
Mordi....
Didn't JPM sign a confidentiality agreement with WMI in Sept regarding the release of documents needed to determine a "fair value" for WAMU? Also didn't that agreement expressly state the JPM could not purchase the banks without the Boards approval? So in essence did they break that legal document when they WAMU from FDIC? Shouldn't they have waited to purchase the seized/solvent bank after FDIC actually determined what was to be conveyed as per the P&A?

How can JPMC cite any kind of confidentiality agreement when they are being sued for Breach? Ludicrous in my opinion! For JPM to cite anything about a confidentiality agreement is kind of like the pot calling the kettle black. They have a catch 22 legal problem on thier hands. Wait till THJMW asks them about this one.

YOur thoughts?
~Fish~
P.S. Your advice on this board is welcomed, appreciated and usually spot-on. TIA
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