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Sunday, January 03, 2010 1:10:27 PM
Getting more expensive by the day for JPM, soon what they will have to pay to settle, will be greater than than the billions they are currently making each quarter from Wamu's assets, and the stalling will stop. But IMO, I think they waited too long with that strategy, criminal charges will change everything, and RICO will triple the bill. Moody's is definitely screwed, again JMHO, but they will be hung out to dry HARD, WMI may end up owning Moody's, as they aren't worth the potential damages they could be held liable for.
Agreed twice, I can't respond to PM's, but you are absolutely spot-on in your assessment.
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