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Re: dianebRN post# 148080

Monday, 02/08/2010 12:07:29 PM

Monday, February 08, 2010 12:07:29 PM

Post# of 730542
I'm not sure if I understand the question but it seems to me as though the FDIC is concerned with Congress making an example out of the WaMu debacle as the investigation continues and the media becomes more aware of what really happened. I'm not sure exactly how much of an impact these events are having on the FDIC's position within the core proceedings, but I have to believe the events are motivating them to settle. The last thing the FDIC wants is a judicial decision holding that the FDIC wrongfully transferred assets to JPM in its seizure and sale of WMB.

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