Without the consistent denial of debtors POR's that took out the pre-bk shareholders completely they would have much more hate. The FDIC in Oct 2009 told this judge that if she did not leave the 4 Billion with JPMC they would seize it on behalf of the bank bondholders. One would need to be concretely tuned out to think this judge or any federal judge for that matter would want to cause more damage to the banking system with a lowering of Chase Basel III score. Chase handles 80% of all federal government banking included SSI, Veterans Benefits, Welfare etc. Congress declared JPM "too big too fail" which tied the hands of this judge. If you do not believe me go back and look up the transcript on the threat from the FDIC lawyer. I remember driving back from WA talking with DrRugby ironing out what the FDIC lawyer was getting at.
As for asset lists of the holding company. Debtors used the excuse that their books had been seized by the FDIC, so what were they supposed to do. Judge appointed an examiner after she was privy to what was in the "sealed docs." Debtors covered up assets, she called them out on it. Justin Nelson said "32 Billion" THJMW said "10 Billion." Bottom line "equity survived." You act like this holding company was completely innocent. Fat Chance "they are the main reason they were in her court."
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