Jackson,
On top of what WaMu info could be uncovered in such an investigation, I'd assume JPM would equally be as scared about what could be dug up regarding Weil's other client... Lehman Brothers.
They DO NOT want anyone getting their hands on this kind of info and who knows what they'll spend the next week or two trying to hide, remove, or destroy.
But JPM has more to lose here than the totality of the destruction of WaMu, which in and of itself is staggering. A thorough investigation would likely open them up to likewise we sued for the complete destruction of Lehman as well.
If they don't settle... they're nuts.
"You would think so. Just the threat of another investigation and the threat of more claims in addition to the claims made in the Texas suit and WMI's recent motion should be enough to escalate settlement talks."
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