Wednesday, March 16, 2016 4:09:23 PM
I thought JPM bought many shares of WMIH as a hedge against having to pay WMIH in some sort of a suit. It's more making excuses for WMIH's failed management IMO, who has incentives, market cap, nol's and (KKR support?) How could these 'entities' interfere with WMIH if WMIH really wanted to make an acquisition? And I can't accept that the FDIC would conspire to interfere with any desire WMIH had to grow.
The way I see it WMIH is just a mismanaged company. And we are fueled by the hope that the hedge funds who bought big knew what they were doing and 'somethings gotta happen' because it hasn't happened yet. No wonder this goes down every day. They've shown the buyer NOTHING.
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