Once we found new investors for NOLs, and every class get the wishes. P and K are going to paied at FV or closed to FV.
I think that Susman is pushing JPM to buy out WMI. JPM could be the best candidate to do so. JPM will gain as follows plus release and get FDIC off the hooks.
1) Additional 3.5B to buy out preferrds.
2) Additional 1B to other claims and gap between A and L.
3 $4 per old common shares and $4 per share in WRMMC.
Or, total 12B from the pockets.
In return, JPM gets
1) 5B in NOL.
2) 2.8B in tax return.
3) drop visa, boli/coli....
Or, totally gain 8B.
In other words, 4B will settle everything. Why not...
