Actually because the Section 3.1A in the Purchase and Assumption agreement is missing because of a "supposed scriveners error," the FDIC does not know what it conveyed to JPM. What is certain is the BK court is more than willing to find out. When she mentioned the corporate veil today, it shows the Judge is aware of the seperation of the 2 entities.
Logan on the stand was a HUGE PLUS for all WAMU shareholders. THJMW is starting to "drill down" on this deal and believe me, neither the FDIC, nor JPM want that info exposed to the public. It just doesn't sound like she is going to rule in favor of the FDIC or JPM IMO!
S&C is going to have to get together with their clients and tell them what lies ahead for them if they continue to press this judge.
~Fish~
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