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byrddog

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byrddog

Re: diamondguru-one post# 193589

Thursday, 04/29/2010 7:59:44 AM

Thursday, April 29, 2010 7:59:44 AM

Post# of 730209

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.

Best of luck to me (and you guys)

Byrd

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