Thursday, December 03, 2009 12:35:31 PM
I don't think it's settlement talks. JPM knew that she was ready to rule and did nothing to settle at that point. (maybe they knew the fdic could buy them some time)
My point is: There are no settlement talks, or at least any serious settlement talks. A judge wouldn't delay a ruling this long to accomodate settlement talks. The ball is on her court and there were no further delays filed as far as we know.
IMO the 4B will be awarded to Wamu. Open and shut case. The 4b is not a part of the bank sale period. JPM knows it and admitted it, which is why they didint care to dispute or settle before the fdic stepped in. The fdic is just delaying or trying to get money to fund the many lawsuits they have coming there way.
Wamu will geth there 4b and formulate a BK plan. JPM will fight wamu tooth and nail for the rest of the stakes, assests and tax deductions. Please settlement would have already happend.
IMO
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