DanBB: THANK YOU. Great job, and a few lines I want to point out:
"THJH game a very questioning look towards the FDIC and asked if the FDIC can undersell something for $20B and not be answerable for it."
I chuckled at this one. THJH won my heart here...
"THJH set the stage for everyone by stating, "let me give a shot across the bow" and stated that Judge THJMW has already been moving along and made rulings that THJMW felt her court had jurisdiction over certain things; particularly "what assets belong to the estate". "
Again. THJH really set the stage here.
"THJH continued to state many times to JPM that she (THJH) will not take jurisdiction away from the BK court where the BK court has decided it has jurisdiction. THJH said she does not want two courts deciding the same issues. "
NICE.
Assessment: JPM is getting tired. They seem to be showing some weakness. WMI still seems fired up, and the FDIC is realizing they are in deep shyte here.