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Re: FORTY-8 post# 232923

Thursday, 08/26/2010 9:51:37 AM

Thursday, August 26, 2010 9:51:37 AM

Post# of 732567
I have owned commons and preferred for quite some time. William you write well, and have a logical point of view but I disagree with your belief that JPM is now feeling pressure.

Point 1 with your post- So what if 1 bil gets moved from liabilities. JPM will concede 1 bil. Think of how many months it took to get to this point, I wonder how many Billions they have made in interest off of WAMU's assets in the mean time. Time is to JPM's advantage right now.

Point 3 with your post- DS/POR goes away. We already know it will due to no valuations. This will seem like big news to the media. But those who have done dd will not be shocked nor will our adversaries.

Point 2 and 4- JPM is supposed to be scared of depositions? Please! Games can be played with depositions just like not finding valuation documents. Remember Iran Conta and how effective Ronald Reagan's words of "I can't remember" were.(Not starting a political issue or an honesty issue, just making a point that depositions won't corner anyone, just like "not testing the courts patence" has not been effective.
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