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Saturday, 05/21/2011 1:22:10 PM

Saturday, May 21, 2011 1:22:10 PM

Post# of 725171
I haven't seen any posts regarding the $25,0000,000 offered for future litigation. IMO, that is a pittance. We would be going against JPM, which has huge funds to delay, stall, and prolong the litigation into a war of attrition. When you see the bills coming from the lawyers in the BK so far, I think it would take hundreds of millions, if not more, to fight JPM and the FDIC, with several years of litigation and possible settlement on the courthouse steps in several, if not many, years down the line. I don't think it is wise to count on necessarily good results from such litigation, even though I believe that we are in the right.
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