Dudebug..."At least the EC & Venable will attempt to recover many billions more that were fraudulently taken by JPM."
I hear what you're saying...'cept that ...we will never get there because we won't have to go there!
There will be a far more reasonable settlement offer by those parties before the EC drops those charges on the court. The 4B settlement paves the way for that action, and I think most everyone is aware of it. Look at the prior concerns... confidentiality...SH meeting...rights of shareholders etc.
They officially file this settlement on the 26th. The EC probably already has their objection in the works, as does bondholders, JMW, and the rest of the civilized world that understands justice. The EC most certainly has their idea of fair equity, and they will most probably entertain JPM, FDIC, and JMW shortly after they heave the BS off their backs; much of their position is based on exactly as you point out.
JPM,FDIC....These guys don't want this playing out beyond their delay. Once the hammer starts coming down, there may be a point of no return. They know this. As someone stated, the negotiations needed to start somewhere...and that they have. I don't think they are going to run the risk of the EC filing their objection and proposal based on their snapshot of the situation. I think everyone is acutely aware of the circumstances here.
My guess is...if we make it to the 26th, and have this settlement plopped anywhere in black 'n white....some serious shizzle is going to rock 'n roll...IMO
This is the only link for that one! :)
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