Banks--- Betting on the recovery Message Board

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Non-Tech : Banks--- Betting on the recovery

WFC 84.71

-1.8%

Nov 13 3:59 PM EST

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To: Hawkmoon who wrote (522)	5/18/2009 1:24:43 AM
From: tejek	of 1428

Why would they want to pay the claim on them if it means they are forced into a "run-off" situation?? If the banks (and the Treasury/Fed) are going to leave the monolines (along with the taxpayers) holding the bag, then it behooves them to sue the banks. ABK has sued JPM over their fraudulent mortgage unit, EMC, and more litigation is to be expected if the policies aren't commuted and/or adjusted. Thus, I think there truly is some value, but it might take 2-4 years to fully realize it. Interesting....thanks. With all the lawsuits, it might be best to watch from the sidelines.

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