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Re: fsshon post# 266273

Sunday, 12/26/2010 8:08:32 PM

Sunday, December 26, 2010 8:08:32 PM

Post# of 730705
fsshn, I have for quite some time thought the FDIC will be looking for a way out of this mess, knowing how much larger the "proverbial" hole has become. This whole idea sounded great to begin with, the Hedge Funds could steal the rest of WMI, JPM could keep the stolen goods and get rid of ALL future damaging litigation and the FDIC could walk on stealing a solvent bank to keep JPM from collapsing and future US Government embarrassment along with much more.

Now the FDIC knows the time is right to graciously move on without publicly having to pull out. I expect FDIC to put pressure on JPM and deal directly with the EC privately to come up with some kind of deal. If I am on target, that has already started and maybe will come to resolution on or before 12/29.

fsshn, I know you went on record with saying the Disclosure Statement would be approved and you made no bones about it and as a matter of fact, you were emphatic about the Judge approving it and you were ABOSULUTELY correct. I was in agreement, the D.S. would be approved but I think our reasons were different; however we were on the same page. I was not a public as you were, but I had few doubts the D.S would NOT be approved. Now here we are on the same page and I believe with the SAME reasons. Now how COOL would that be if we end up being correct?
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