Biz all I said was "With respect to the summary judgment motion, JPM has already shown its hand as to what its response is going to be in its answer to the Turnover Action. JPM alleges fraud surrounding the transfer on the premise that WMI knew Wamu was going to be seized and put the money out of harms way in the holding company's name. Well JPM might have known Wamu was going to be seized, but it is going to be impossible to prove Wamu knew it was coming, especially since Tarp was about to be given birth to be every banks savior. It is easy to allege something, quite another thing to prove it. To defeat the holding company's summary judgment JPM has to do more than allege this fraud, it must produce facts of the fraud by affidavit of someone with first hand knowledge. I don't think they have anybody. Don't see how they could have anybody. And one further note, all their (JPM's) affirmative defenses do not hold water."
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