factoring in the $13 billion. if you told jamie dimon in my guess he would have to pay an extra $13 billion for bear stearns and washington mutual, i bet he would still do that deal. so you noted that the stock is up. why? why, because wall street investors don t like uncertainty. they don t like the speculation, is it going to be $11 billion, $13 billion, will there be litigation hanging over this company. there has been so much litigation lately regarding jpmorgan, they reserved billions of dollars in this last quarter for litigation expenses. investors like to know there will be certainty. they like to know what the actual reliable earning stream they can count on from this kind of a company, ex all the litigation. i think they will finally get most of it behind them. not all of it, because jpmorgan chase has a tendency to get itself in legal trouble, as many big firms do repeatedly, which is another big topic. once we get this behind them, investors can breathe a sigh of
earlier, a judge has not yet signed off on it. why not? okay. so this is interesting. there is a provision in the settlement, the settlement that s worth $600 million, that says that if coen s firm pays up they don t, right, they don t have to admit they ve done anything wrong. the judge thinks it sounds pretty sketchy. he s asking, well, you know, why would the firm pay so much if they truly did nothing wrong? a lot of people are asking that question. in fact, the firm is responding. they re saying that, you know, they re willing to pay because, number one, they have a business to run. number two, they don t want any litigation hanging over their heads. but shall also, they probably want to stop the bleeding as well. either way, $600 million is a huge amount to settle for. the largest by the way ever for an insider trading case. thank you. it s digital money that has now surpassed the currencies of 20 countries in total value. about $1 billion worth of big coins now circulate on