Why did JPM need a “Willful Misconduct” Release to protect JPM from RICO allegations? The “Willful Misconduct” release is an admission of guilt by JPM. Because settled at a multiple of the valuation of WMB and its assets.
The final valuation of WMB and its assets hasn’t been determined by the FDIC Yet.
LIBOR Litigation is still ongoing against TBTF.
The TBTF Derivative writers still need to pay up.
The accumulation of interest on $1.56 Trillion owed to RMBS/CMBS is killing the TBTF banks.