Your welcome. JPM has a very long history of getting slaps on the wrist. Not in a few cases, in 40 to 50 cases I know of involving many many billions. Is it possible that the interests that existed in the MBS,ABS's left after they are all closed out? I guess its possible.
As far as Libor I think the FDIC will use any settlement to recoup losses on banks but how much and how far that reaches? LIBOR will not be allowed to sink the banking system.
There are things that should happen and legalities that were clearly broken and permitted to occur. Look at what the DOJ (funny term for what they are) just did with the Spirit deal. Killed it because they said poor people would be hurt by possible increases in airfare. Really? Another Kahn job... Forgive the pun.
What happened to WAMU should not have happened but our government did a 5AT anyway. I was a pre-post and have recouped my investments many times over thanks to my shares that turned into COOP and what I purchased on the skinny (mostly). I really don't know what will eventually occur to answer your question.
However, if they keep reducing the shares, keep growing MSR, using the additional assets that have been being used... (the 200 Million didn't morph into a 4.6B behemoth on servicing fees alone IMO...) Our corporate structure is very interesting and also very guarded. COOP will continue to rise, WMI survived, live your life the best way you know how, and if the blue bird of happiness drops a load on us... then good for us!
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