Steve, JPM can claim they were able to absorb the loan losses due to mark to market accounting but they got the entire retail banking network that takes decades to develop for next to nothing.
JPM got the entire credit card business for next to nothing.
JPM got the WAMU Seattle Headquarters for next to nothing.
Now the debtors are offering them the Wind Energy holding, Visa shares and tax refunds as insult to injury. LOL it's like rubbing salt into our wound.
Thats why I believe that we will get something here.
I pray the Examiner comes back with the findings that the settlement was not fair and that all monies and assets be properly accounted for before any settlement can be reached.
GLTY.
For Ye shall know the truth, and the truth shall set you free