No way will JPM/FDIC let this saga continue with suits against 3rd parties!
If you look at what Rosie was doing at the hearing you will find his main objective was to break the ice and let people know there is something including Equity that is coming. I will say here and now, there is no way that JPM/FDIC let a crime scene with multiple crimes and multiple players continue with third parties. This will dig up the old crime scene up again and there is no way this is going to happen. Just put yourself in the criminal’s position for a moment and assuming you had the power of one Shelia Bair; would you leave power with your crime scene exposed? No, I did not think so and neither is she or Dimon. Now that the ice is broken, there is room to come with the REAL settlement, hence why the EC did not even care what Rosie was doing or saying. They know the end game. All Rosie got to do was save face and put a positive spin on the Hedgies as part of their deal.
Once again you cannot believe anything Rosie says except what he did not say, including the date of his filing. With Bair leaving in July which was moved up from June due to this crime scene not totally covered and finished. There are about two to four people with enough power to order settlement and to make this go away, never to be heard from again. These two-four people could NOT tell ANYBODY (even Rosie) until the time was right and the time Ladies and Gentlemen is upon us. I do not think the “powers that be” will waste this upcoming Memorial Holiday weekend. When the Government wants to bury or keep the attention to a low they will use pre Holiday or on Friday evening before the weekend. If it is positive news, such as a much anticipated or positive merger would happen on a Monday morning or late Sunday evening. Keep in mind, timing of an announcement of this magnitude is as important to the Government criminals as the share price is to us.
Since Rosie said seven to nine days for the settlement to arrive which will take everybody’s focus off of this upcoming Holiday, I would expect if there is an impending announcement it could happen as early as tonight, possibly Thursday/Friday evening. Keep in mind I would think they would want to use a part of a trading day before the Holiday weekend as to hide the magnitude of this, so when Tuesday morning arrives it is dead, gone and not to be talked or discussed again. I would expect the FDIC to kick in multi billions, JPM to assume the preferred and many more details that I will not go into. If the settlement is not this weekend, maybe the next weekend but at any rate this is how this must end and that is “in total” and no loose ends. We are finally at the climax of the crime and no worries; we are all golden including the bondholders.
