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PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP 1285 AVENUE OF THE AMERICAS NEW YORK, NEW YORK 10019-6064 UNIT 3601 FORTUNE PLAZA OFFICE TOWER A NO 7 DONG SANHUAN ZHONGLU CHAO YANG DISTRICT TELEPHONE (212) 373 3000 BEIJING 100020 PEOPLES REPUBLIC OF CHINA LLOYD K GARRISON RANDOLPH E SIMON H LOUIS S PAUL RIFKIND WEISS JOHN F WHARTON ( 1 946 19911 TELEPHONE 186 I Ol 5828 6300 I 1946 19561 (1950-19951 12TH FLOOR I 1 927 19501 HONG KONG CLUB BUILDING 3A CHATER ROAD CENTRAL 11927 19771 HONG KONG TELEPHONE 18521 2846 0300 ALDF R CASTLE 10 NOBLE STREET WRITER 5 DIRECT DIAL NUMBER LONDON ECZV 7JU U K TELEPHONE 144 20) 7367 1600 212 373-3204 FUKOKU SEIMEI BUILDING WRITERS DIRECT FACSIMILE 2 2 UCHISAIWAICHO 2 CHOME CHIYODA KU 212 492-0204 TOKYO 100 0011 JAPAN TELEPHONE 181 3J 3597 8101 WRITERS DIRECT EMAIL ADDRESS egoldstein@paulweiss.com 2001 K STREET NW WASHINGTON DC 20006 I 04 7 TELEPHONE (202! 223 7300 500 DELAWARE AVENUE SUITE 200 POST OFFICE BOX 32 WILMINGTON DE I 9899 0032 TELEPHONE !3021 655 4410 MATTHEW W ABBOTT ALLAN J ARFFA ROBERT A ATKINS JOHN F BAUGHMAN LYNN B BAYARD DANIEL J BELLER CRAIG A BENSON* MITCHELL L BERG MARKS BERGMAN BRUCE BIRENBOIM H CHRISTOPHER BOEHNING ANGELO BONVINO HENK BRANDS JAMES L BROCHIN RICHARD J BRONSTEIN DAVID W BROWN SUSANNA M BUERGEL PATRICK S CAMPBELL* JEANETTE K CHAN YVONNE Y F CHAN LEWIS R CLAYTON JAY COHEN KELLEY A CORNISH CHARLES E DAVIDOW DOUGLAS R DAVIS THOMAS V DE LA BAST IDE Ill ARIEL J DECKELBAUM JAMES M DUBIN ALICE BELISLE EATON ANDREW J EHRLICH LESLIE GORDON FAGEN MARC FALCONE ANDREW C FINCH ROBERTO FINZI PETER E FISCH ROBERT C FLEDER MARTIN FLUMENBAUM ANDREW J FOLEY HARRIS B FREIDUS MANUEL S FREY KENNETH A GALLO MICHAEL E GERTZMAN PAUL D GINSBERG ROBERT D GOLDBAUM ERIC S GOLDSTEIN ERIC GOODISON CHARLES H GOOGE J R ANDREW G GORDON BRUCE A GUTENPLAN GAINES GWATHMEY Ill ALAN S HALPERIN CLAUDIA HAMMERMAN GERARD E HARPER BRIAN S HERMANN ROBERT M HIRSH MICHELE HIRSHMAN JOYCE S HUANG DAVIDS HUNTINGTON MEREDITH J KANE ROBERTA A KAPLAN BRAD 5 KARP JOHN C KENNEDY ALAN W KORNBERG DANIEL J KRAMER DAVID K LAKHDHIR STEPHEN P LAMB* JOHN E LANGE DANIEl~ J LEFFELL XIAOYU GREG Ll U JEFFREY D MAR ELL MARCO V MASOTTI EDWIN S MAYNARD DAVID W MAYO ELIZABETH R McCOLM MARK F MENDELSOHN TOBY 5 MYERSON JOHN E NATHAN CATHERINE NYARADY ALEX YOUNG K OH JOHN J 0 NEIL KELLEY D PARKER ROBERT P PARKER* MARC E PERLMUTTER MARK F POMERANTZ VALERIE E RADWANER CAREY R RAMOS CARLL REISNER WALTER G RICCIARDI WALTER RIEMAN RICHARD A ROSEN ANDREW N ROSENBERG PETERJ ROTHENBERG JACQUELINE P RUBIN RAPHAEL M RUSSO JEFFREY 0 SAFERSTEIN JEFFREY B SAMUELS DALE M SARRO TERRY E SCHIMEK KENNETH M SCHNEIDER ROBERT B SCHUMER JAMES H SCHWAB STEPHEN J SHIMSHAK DAVID R SICULAR MOSES SILVERMAN STEVEN SIMKIN JOSEPH J SIMONS MARILYN SOBEL TARUN M STEWART ERIC ALAN STONE AIDAN SYNNOTT ROBYN F TARNOFSKY JUDITH R THOYER DANIEL J TOAL MARK A UNDERBERG LlZA M VELAZQUEZ LAWRENCE G WEE THEODORE V WELLS JR BETH A WILKINSON STEVEN J WILLIAMS LAWRENCE I WITDORCHIC JULIA TM WOOD JORDAN E YARETT KAYE N YOSHINO TONG YU TRACEY A ZACCONE T ROBERT ZOCHOWSKl JR December 8, 2010 By Email Gary J, Cohen, Esq. General Counsel Financial Crisis Inquiry Commission 1717 Pennsylvania Avenue, NW Suite 800 Washington, DC 20006-4614 Re: Commission Letter to Louis Lebedin re: Potential Use of Quote Dear Gary: On behalf of JPMorgan Chase & Co., in response to the Commission's December 3, 2010 letter to Louis Lebedin, I write to object to the Commission's use of a purported quote from Mr. Lebedin's interview with Commission staff (the "Interview"), First, as the Commission is aware, there was no tape-recording made of the Interview, and we therefore cannot confirm with certainty the accuracy of any statements made by the witness. Second, the purported quote lacks necessary context The quote suggests that Mr. Lebedin was speaking about more than one customer withdrawing business from Bear Steams; however, in the context of the Interview, it was clear that Mr. Lebcdin was speaking about a single, specific prime brokerage customer of Bear Stearns at a spcci fie Confidential Treatment Requested by JPMorgan PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP Gary J. Cohen, Esq. 2 point in time. Accordingly, we object to any usc of the quote in the Commission's Report that is inconsistent with the context in which the quote was made. Thank you for your attention to this matter. Eric S. Goldstein Confidential Treatment Requested by JPMorgan
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