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Post# of 730657
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fsshon

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fsshon

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Re: XOM post# 94856

Tuesday, 09/15/2009 2:58:35 PM

Tuesday, September 15, 2009 2:58:35 PM

Post# of 730657
Actually I believe the JPMC was wanting to settle this thing back in March when they had everyone at the table. The talks broke down over who owns the 4.4 billion and JPMC filed the resulting adversary proceeding (I bet they wished they had never done this) that resulted in all talks being shut down.

I'll bet history will show JPMC was wanting to settle for about the same as Bear Stearns, but WMI wanted a lot more. I'll bet Bonderman was right there and if he wanted to settle for less as he had said before, he would have done so. JPM was probably still thinking they could get the holding company "on the cheap" and were stymied when they didn't.

As we have said before

GAME ON!

~Fish~
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