How Are Plaintiffs Faring in Credit Crisis Lawsuits? A Casino Counting Analysis – by Kevin LaCroix – … My analysis of the plaintiffs’ success levels has been rather subjective and impressionistic. As an alternative to this unscientific approach, blogger Cliff Shnier on his eponymous blog (here) has applied more arithmetic rigor to the [...]

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WaMu’s bad loans are $29 billion windfall for JPMorgan Chase – By Ari Levy and Elizabeth Hester – Bloomberg News – JPMorgan Chase stands to reap a $29 billion windfall, thanks to an accounting rule that lets the second-biggest U.S. bank transform bad loans it purchased from Washington Mutual into income. – Seattle Times
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Securities [...]

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Warrants – Efforts to Repay Bailouts May Undercut Benefit for Taxpayers – By ERIC DASH -  …  But now banks, eager to get Washington out of their hair, are pushing to undo those investments as quickly — and cheaply — as possible. If the Obama administration acquiesces, billions of taxpayer dollars could be left [...]

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