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Post# of 730622
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SlyOne

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SlyOne

Re: Tool_power post# 156807

Tuesday, 03/02/2010 1:36:31 PM

Tuesday, March 02, 2010 1:36:31 PM

Post# of 730622
IMO: there will no settlement before or on 3/4.

The reason there is no pain for JPM...
$4 bil for us would be pain, not for JPM.
There would be pain for FDIC-receiver. They could use the
$4 bil. We need wait for the end of this dance and see what issues are leftover.

IMO: No settlement, I have stated before and I will state again. The $ 4bil is trival compared to takeover of solvent bank.

Happy to be wrong, but being realistic.
There would clearly be pain if above $4 bil for JPM.
Thats is what to look for.
Recall, JPM was willing to give back segregated acct monies.
(If this was European acct, that would be different.)

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