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Friday, December 17, 2010 10:38:29 PM
I've been hanging in there for a while, and have suffered through the dips. As with most, I just want this over and to pay off. I think most of those investors who have stuck this out deserve to be paid. This was really the biggest bank robbery in U.S. history, and it has been quite a revelation to find out all the details about the collusion and corruption behind it all.
What I have a hard time comprehending is why JPM and the FDIC don't realize that if they simply pay equity enough to cover the preferred shares and a reasonable amount for commons, that they could get their releases and it will all be over and done with and most likely swept under the carpet and out of public view. Just stupidity and greed on the part of the creditors/debtors! Doesn't make sense at all. I guess it is turning out the best for the lawyers, who are raking in the huge fees. What a shame.
Best wishes to all,
chessman
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