Wednesday, February 24, 2010 2:42:10 AM
i have a lot of friends that say there is no way that JPM and the FDIC which is the government will ever lose this or let there be a settlement. one also said that there were lots of banks during the great depression that were bought at cheap prices but never compensated... says he has never heard of anything like it and that WAMUQ has no solid facts or evidence to prove anything and the government simply cannot and will not lose ... neither will a big bank like JPM. why would the commons get anything because you have to satisfy the preferred and creditors.. etc.. he listed a bunch. he went on to say that why would a shareholder like me or others get money if they werent there for the initial loss.. no one is going to allow a settlement to benefit those that lost nothing...and thats IF there is a settlement... which the likelihood is not that great... :/
I have money in this stock awaiting the conclusion but are we being overly optimistic ?? im just worried now.
thanks a lot.
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