uzual, EC wasnt a party to todays event. this was recovery of the 4.4bil and what jpm took beyond the deposit. wmi vs. jpm. rosen called it a settlement. yea a settlement of the heist of stolen property only. they have yet to pay for the bank, providian, trademark infringement, etc. this was a way to get walrath off summary judgement. they could not have the 4.4 bil ruled on. this would be precedent set and jpm couldnt continue their raids on banks. the returns to fdic and jpm seemed to be too perfect and offset the return of deposit perfectly, dont you think. the visa lowball was a joke. jpm needed a delay, walrath saw what was happening and questioned rosen about 9019. jpm needed to look good to their shareholders so their stock didnt tank further. and rosen sent two signals during the reading of the numbers. one was that this could be overturned by the party not in attendance and the so called settlement would then vaporize. the other is when 9019 was mentioned and rapidly moved off of by rosen. 9019 allows negotiation without further hearings. now the EC can step in for us and nullify the junk they proposed today and get down to the real numbers. once again jpm needs a controlled settlement..one that is signed and sealed away from eyes of the taxpayers and shareholders destroyed by their sinister takedown 18 months ago. it is going to take alot to keep the shareholders quiet so i think things will look up real soon. wamu and wmi were solvent and stolen dont forget that. jpm wants you to forget. but the EC will get this done imo. and i hope the criminal investigation of fdic and jpm is not far behind by senate. what a travesty of justice this would be for these criminals to walk free from the biggest bank heist in american history. jmo.
