I will take reluctance over pitchforks any day. I'm sure the FDIC and JPM didn't foresee this in '08 and I'm sure JPM will take them to task if the FDIC now tries to say that the Settlement Date extension actually somehow refers to a revaluation of the original assets transferred as well as if they come off that $1.888 billion (plus the "Required Payment" ($50 million)) mark. Ultimately, that's not the fight we want, i.e., that the FDIC should have been paid more...it's that the bank should not have been seized because it was in fact solvent. That we have claims against JPM. Adding this wrinkle does not benefit us. Anyway, I've said my piece too many times over. Whether I'm right or wrong, let's just hope we get paid sooner rather than later.
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