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jackson227

06/05/09 6:17 PM

#75481 RE: alien-IQ #75476

"Also, if any of that was done with the aid, consent or for the benefit of JPM...then it could even have severe legal ramifications. "

I agree with that.

"If it is proven that the shorting contributed to the decline and subsequent BK, and also if it is proven that the shorting was for the express purpose of creating the situation that ensued, then they would most certainly be forced to cover."

I disagree with that. The effect that the shorting had on the bk has absolutely nothing to do with them having to cover or not imo.