This logical reasoning. If WMI sold the holding company to JPMC for $12 a share at 860M shares b4 the TPG deal. Then one can only deduce (logically anyway) that 100 Billion in portfolio mortgages owned by WMB and WMBfsb were just going to them for free! Not gonna happen. Shareholders of WMI voted to remove the CEO and COO because of the JPM spurn and further dilution of their share value by bringing on TPG. If there was such a large bank-owned portfolio of mortgages, then why would shareholders fire Kerry?