Tuesday, February 14, 2012 11:27:24 AM
We would make out on the increase in value of the New co and have a chance at the damages too.
I would not be surprised to see a couple of the big insiders decide to not release if they know there is dirt.
Look at it like this. If a hedge fund that wanted the new comp sees it is going to be split with the share holders so they dont release.
We all release and get the company.
They use their deep pockets and inside knowledge to corner JPM and get an out of court settlement (200M) for the hedgies that is bigger then the new company.
Everyone wins in that case.
JPM gets the assets they stole.
The FDIC is off the hook for stealing the bank.
The hedgies get their money with no jail.
JMW gets this out of her court
Rosen gets a "win"
Susman gets a "win"
The share holders get a much larger cut since the hedgies opted to not release
WMI gets a huge NOL and from what Fsh was saying a larger ordinary loss.
Everyone is happy.
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