It doesn't make any sense for JPMC and FDIC to continue this nonsense.
Net value (post $8 bilion in liabilities being accounted for) of at least $30 billion is there. What about the profits from the assets acquired for the past two years? How can they even begin to argue that assets amount to $7-8 billion?
Are they really counting on getting an examiner that will overlook the fair value of assets?
What if they destroy documents, computers, etc., illegally? Like the trail the examiner follows points to it continuing and then it disappears? Does THJMW have the power to determine fair value in light of all the shennanigans, using CPA, IRS documents on records from 2007-2008 and projecting forward merging this info with what has been collected thusfar? If she did so could her decision be appealed?
The only thing that makes sense to me right now is that JPM and FDIC would move to settle this. Maybe they let it play out until they see the resolve of the examiner, but if the examiner finds assets, then aren't JPMC and FDIC opening themselves up to damages? Hasn't THJMW successfully awarded damages before in her BK court?
News 
Market Data 
Discover 
