Tepper is key to TURNING POINT in this case!
This case is even more inbred than what it originally looked like. Let’s take a look at what is going on with all of the players. I will identify FDIC/JPM as one entity for the sake of argument as they both ultimately want the same outcome-give up nothing and receive everything. Next we have Weasel/Gotcha/Mangle representing Tepper and the Hedge Funds who also indirectly represent JPM. I think it goes without saying that JPM used these Hedgies to take down WaMu pre-bankruptcy and if Susman finds evidence, probably post bankruptcy on numerous times as well. Then of course the third player being Equity, the only one who is separated from whatever negotiations were being held involving finality in this case.
What goes on from here and how is it handled will be not only very interesting but could also decide equities fate within the next sixty days or sooner as well. We all want to believe Susman has the evidence and I tend to think the evidence would be easy since it involves, times, trades, dates, POR planning and who was at the table when this was happening. I have discussed some of what I have written here in an earlier post a few weeks ago, but I feel I can now discuss the potential outcome of this case in general, obviously not specifics.
With what has happened with this travesty since December of 2010, I feel there are only two real reasons why this case COULD come to an amicable settlement. One of these two reasons, based on past history/actions just will not happen. One reason for settlement is publicity and due to the obvious “worldwide” control of ALL news on the subject of WaMu, this will NOT happen. So we get to the other REAL reason they may settle and that is if the criminals are worried about their standing in society which is how they make their living or worse-prison time. I believe the case is now at the most serious crossroads ‘ever’ as blood could spill with the Hedge Funds and this is the “Y” in the road or where one train goes one way and the other train goes the other.
Based on actions in this case I say Tepper will either pull Rosie off the case with the blessing of Susman or Rosie will be forced to work with Equity (all being the same-positive) to arrive at a amicable TOTAL true GLOBAL SETTLEMENT. We know JPM has a working relationship with the Hedge Funds, FDIC and others. JPM may not want to jeopardize these relationships so they can use these same people to continue with their fraud, corruption and more of the world-wide financial community. I still day the only thing that will force these criminals is their standing in society. Since IMHO Susman has the evidence, the real turning point is with Tepper as he has to make the call on his standing in society. This will be the NEXT LARGE turning point in this travesty and if this happens (must be very soon), you will see all of WMI equities start to revalue in a VERY positive way.
AI
