1. Bud Butley says

    Remind me: Syncora would have been among the hand-picked Bear Stearns assets (somehow, JPM enjoyed 3 weeks’ strictly private access to BS books) which JPM registed as special investment trusts on the exact same Monday the BS BK was announced? There were 8 of these.

    So BS knew, and JPM thought they could get away with selling non counterparty-entailed crap (which may have been their only criterion) to muppets. In court for the plaintiffs, I’d go for it and so it seems would Justice Crotty.

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