Friday, October 01, 2010 9:53:39 AM
I have thought for a long time now that somewhere in a dark place, is the Asset List. Hidden so that JPM and the FDIC could pull of this heist. I kept telling myself there is NO WAY "someone" does not have this list. Of course the list exists... and not hidden anymore.
As a result of this case lasting as long as it has, the many obvious questions had to surface. The most obvious to me is how could $1.9 billion be a "current fair price" for WAMU? Despite the liabilities on it's balance sheet!
Susman / Nelson / Soloman / Hochberg have the list... so do JPM and the FDIC... the details of the settlement have been in the works for some time now and will be put to "ink" as you say. I believe, sooner than later, and without the need for a trustee.
AIMHO
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