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Re: jhdf51 post# 184278

Friday, 04/02/2010 1:42:51 PM

Friday, April 02, 2010 1:42:51 PM

Post# of 730083
I imagine when Solomon is approved by the court, JPM will ask to schedule a "serious " meeting with the EC. JPM already knows the value of the assets, and I would think, after Solomon has their assessment completed, JPM will make an offer.
This is just too risky for them to allow continuance into a trial, which exposes their collusion with the FDIC in the seizure.
I would also think the FDIC is putting behind the scene pressure on JPM to make things go away ASAP. The JD shareholder letter looks like a way to soften the blow for a substantial payout.
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