JP Morgan appears to recognize the possibility of this and has already set aside $2.4B for ongoing “WMB litigation” according to their most recent quarterly report
JPM better "set aside" a whole lot more "milk" than that, especially now that Susman has donned the latex gloves for a thorough examination!!! This debacle keeps getting better and better with each passing day.
If JPM/FDIC don't settle this before an examiner is approved, they will lose a vast majority of thier bargaining power. May 5th will be a critical pivot point in this case.