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Desperado90

08/17/10 12:29 AM

#230128 RE: mattchew #230124

IMO, the administration would not allow the FDIC to be found guilty of fraud.

Before that happens, the DOJ would notify the Attorney General Holder, who would notify Treasury and Summers and you can bet they would let the President know.

They would immediately go on the offensive to protect their own.
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jpm_sux

08/17/10 12:34 AM

#230129 RE: mattchew #230124

I do not believe that we can get treble damages in a bankruptcy.

I think it would have to be a civil suit, and then we would need to show that we were damaged beyond any bankruptcy settlement.

Hopefully there will be one of those after the Justice Department's criminal case against JD and SB.

Doubt we could go after the FDIC, but JPig is rich pickin's.
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wangwang

08/17/10 9:38 AM

#230177 RE: mattchew #230124

I believe the fair value it self is over $24 per share!!