Washington Mutual Preferred fka WAMPQ

[ptolomeo]

I disagree.

If there's something specially valuable for JPM, that's cash. Every dollar of cash allows them to make many times that value of loans.

So if there is something they DON'T want to give away, that's cash.

Because of that, I think in a settlement scenario there would be some kind of shares swap. But I think we are not near any settlement, I think they will fight until the end (they are playing the 'good guys' role, and claim all this mess is FDICs fault).

Just my 2 cents.