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Tuesday, April 06, 2010 6:43:05 PM
I have posted several times the importance of knowing the difference between the two courtrooms and the issues that each court will entertain. Someone would have to file a charge against OTS, FDIC, or JPM outside BK court to begin the process of determining if FDIC seized a solvent bank and sold it to JPM. To date, that has not happened. Today we may have seen the spark that will ignite that fire. If the WMB bondholders are mad enough and have the ooomph! to back them up in the way of attorneys, they may begin this battle for justice! Let us hope so! If that happens, all of my assessment may be at risk because FDIC and JPM may be forced to the settlement table before the BK is resolved. I like the numbers $50-$75. Break my heart with kindness! IMO EOM
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