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Post# of 749756
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XOM

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XOM

Re: contractor10940 post# 119363

Monday, 11/09/2009 8:00:28 PM

Monday, November 09, 2009 8:00:28 PM

Post# of 749756
The post you referenced is a cash settlement situation. Neither FDIC nor JPMC can part with the kind of buku $$$ WMI is demanding; all pre-seizure equity claims have to be made in separate (class action) litigation.

I strongly believe agreements for equity swaps with JPMC in lieu of cash will be made when this fight is concluded, and the retail market will determine the ultimate share price.
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