Mordicai where are you? If Walrath awards SJ to WMI. Does it mean that the FDIC has been convicted by the Judge of "fraudulent conveyance?" Mordicai this is a good question, plese answer it to the best of your knowledge.
I have a feeling since JPM has been paying FDIC insurnace on the deposits of WMI and sending them statments, that they are just going to let the money go back and
Let the bus SHRED the FDIC.. Not sure what JPM's strategy is by screwing with the government like they are. Bankers get arrogant and think they can outwit the GOVT, but they are badly misstaken.
JD's arrogance and the arrogance or stupidity of the Board to let this go this far, shows that they are maximizing the dollars they are making off the WMI assets. THJMW can not unwind a P&A 18 months later after JPM has already assimilated the assets, but she can sure as heck re-negotiate the terms.
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