Deek, you're growth in understanding all this is remarkable and has surpassed my understanding long ago!
Thank you especially for posting the convo's between John Reich and Sheila Bair, good reminder and fascinating.
Also, this part makes me think about the 12+ JPM bankers and attorneys that have committed suicide or otherwise died in mysterious circumstances in the last year or so:
"This settlement resolves only civil claims arising out of the RMBS packaged, marketed, sold and issued by JPMorgan, Bear Stearns and Washington Mutual. The agreement does not release individuals from civil charges, nor does it release JPMorgan or any individuals from potential criminal prosecution. In addition, as part of the settlement, JPMorgan has pledged to fully cooperate in investigations related to the conduct covered by the agreement."
- possible connection?
Was just reading a story about JPM's head attorney struck and killed by a vehicle while he was biking. Story said his body flew over 120 feet, that's extraordinary and would seem hard to cause with an accidental side-swipe. Unfortunately I don't have the link to the story as I read it days ago, but it can be looked up. Apparently he was one of JPM's top atty's.