Speaker unverified: evaluation

Transcript context

…I got to ask a follow-up question to that. Is that a structural thing? Just the way that we’re set up with a new administration every four years? Yeah. They don’t feel obligated to what the prior administration did. Even some contracts were violated in this thing, which I won’t go through. Literally contracts. It would’ve been tortuous interference had it been company-to-company. But basically, since you operate under their laws, they can basically take you down. I went to see Eric Holder trying to settle this mortgage stuff, which we settled. I brought my lead director. He expected me to come and be pounding my chest. I went in and said, Eric, I am here to surrender. I cannot fight and I cannot win against the federal government. You know that a criminal indictment can sink my company. I will not do that to my company or my country. I’m here to surrender. Before I surrender, I want you to know the circumstances by which we bought WaMu and Bear Stearns, because 80% of what they’re asking for related to Bear Stearns and WaMu, not J. P. Morgan Chase. I went through the whole thing. He said, thank you. I’ll take it in consideration. But they never gave me the accounting. I don’t know what they did. It is what it is. It was quite painful, but it’s got to move on. We’ll move on from this.…

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