Mr Cooper Group Inc (COOP)

[never-again]

nurse Jeff, what are you talking about?
Stock swap is not gonna happen.

Jd is not going to give up over 6 billion shares, come on man
What do You think the former WAMU shareholders forced to be Jpm share holders would do with that voting power?

EC and Susman won't accept anything less than fair value, they have no reason to do so! A stock swap to equal fair value of assets stated at $259 B would be roughly 6 billion jpm shares @ $38.00. Not going to happen. Bet quite a bit that the EC owns or soon will own that negotiating table.

Lets not forget about examiner Hochberg and the DOJ factor.

Jpm has trillions in their back pocket to gain access to, and the fed res if needed, and other resources. No distresses for jpm to pay cash means no swap.

FDIC is backed by the full faith and credit of the US gov't and ultimately a tax payer backstop, usa's money machine and other us govt resources. No distresses to pay cash here either.

Jpm share holders would have a fit over the dilution. Again no swap. Although I remember reading something from jpm about if needed, preparing to issue more stock and changing voting requirements & percentages. Maybe STOCK SWAP WAS an option at one time but I don't see it now.

FDIC and jpm are going to battle it out to see which one cuts the check and the FDIC just gave jpm the finger over the ameritrust issues. I fully expect the FDIC to give jpm both fingers over WAMU.Under the bus you go guys!