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Re: alexander77 post# 190542

Tuesday, 04/20/2010 12:05:50 PM

Tuesday, April 20, 2010 12:05:50 PM

Post# of 732202
A $24.00 settlement will damage JPM not kill it. Yes the evidence is there should this go to trial and the law is behind WMI. Read the documents, it is there and these actions are unlawful for JPM and the FDIC. They used deceit and deception, JPM used their people inside of WMI to damage it and to change its direction, one they had abandoned because they finally saw the light in the sense of the damage such action would cause a company. They began negotiations with the FDIC months, (6) before implementing their plan planed takedown, and were feeding it inside information as well as false information or at least misleading information. $24.00 is not only justifiable but still a bargain price for JPM as if this were to be litigated they could be on the hook for everything and damages to boot. Rico at 3x’s I doubt it but it would be substantial and far beyond any $24.00 settlement. The fact that those that just want their money back and are willing to sell out everyone else to do this should have no bearing on facts of law and possible recoveries. As I have stated this is not about dividing up the remains of a fallen business, it is about what has transpired and how. The company was systematically destroyed just to the point it could be taken over. JPM has benefited greatly by the assumption of WMB through many unlawful acts. They need their hand smacked.
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