Mr Cooper Group Inc (COOP)

[grandetourismo]

True not to big to fail. But In another sense it's a catch 22 for JPM because WaMu is now "part and parcel" by virtue of the take over and absorption of WaMu banks into JPM. And so as you say, unwinding the deal will never happen.

At the same time, the part about "systemic" I like in this case is that the whole of JPM is individual part and parcel components including now WaMu banks and so all the parts are "systemic" to the whole which makes it impossible to extrapolate WaMu banks from JPM. It can't be done so JPM has no option but to settle and I've heard they are not in a position of strength.

In other words unless one can go back in time, it is impossible to unscramble an egg
Yet because of let's call it the "string theory"for lack of a better word, JPM may be too interconnected to separate what has been done.

And really, all that matters anyway is what will the share price be?