JP Morgan Chase & Co (JPM)

[JohnnyWinter]

I actually think that JPM will end up paying more for the bank, but I also feel that that money will go to the bank's creditors. Judge Collyer will ultimately end up valuing the bank at more than $1.9 billion, but the WMI shareholders won't see 1 red cent of that money because since the bank went into receivership, the bank was no longer owned by WMI (the primary shareholder (not creditor) of WMB).

That's a good point about them not selling the bad loans, and WMI was too busy originating those bad loans and moving money around to take the time to actually package them and sell them.

They really shot themselves in the face by not selling themselves when they had the chance.