Dimon may be in the worst place in his life, Rosen and Weil are now buffoons..IMHO, they are in an untenable position and there is the possibility that Dimon has Federal problems which collectively, may start his great slide down, as his power ebbs with an eddy of problems.
But the best of all, is the view from hereon, if Venable can drop a couple of bombs including the hint of Sanctions against Rosen, as I believe his "deceit" to the court is overwhelming. Rosen helped rig this entire fiasco with possibly the "help" of JPM "somebody" got to Rosen with promises for the future and it's about to blow up in his face. I sent Rosen an e mail two week ago and told him "he's a total lowlife and his legacy is going to look like @#$%"!
The Hedge funds are going to play hardball and more than likely back the EC, where their voice can be heard and they are no stranger to JPM,(Appaloosa Investment L.P. I, et al. v. J.P. Morgan Securities, Inc., et al.)Appaloosa, is a renegade fund headed by Tepper and he is a weasel who will squirm out of an agreement on a whim, but he is also vicious in his greed for money and will be an EC supporter to make his stock valuable and visions come about.
All the funds, (Fidelity came aboard with a $17 million dollar purchase 3/26/10) as well as Bonderman (controls 230,000,000 million shares) may now see the opportunity to not only recover huge amounts of money lost, but ride on a new company loaded with assets and no debt. JPM has the assets to make good and there is now a drop of Jamie's blood in the water and I think Bonderman and the Chinese can smell there way out, as well as Sheila Bair because she has someone to pick up the tab and blame for the WaMu debacle..IF VENABLE STRIKES HARD he can now control the destiny of WMI.
Judge Walrath (IMHO) is definetly hip to Rosen and may be ROFLAO at this very minute. Expect her to do right on a case of this magnitude. I have always stated that JPM and Rosen will hang by there own petards..and we will see that happen, call it KARMA !