She likely knows that the parties are working out an amiable settlement that includes the 4 billion. She would know what the state of the negotiations are off the record, no doubt, like the weather.
Again, the dark side of strung out litigation looms but this case is too front and center on the banking stage. It will not be left to wallow in the courts by the Treasury, in my opinion.
JPM and the FDIC management will be found responsible for this mess, and have already been found responsible for this mess by those in gov that matter. Therefore, Jamie, his minions, and Sheila Bair and here minions are trying very hard to come to mutually agreeable terms with a very angry WMI and Weil.
The assets are many and appraisals may not all be in and so the actual number can not be established. It will take more time since JPM and FDIC both have fiduciary duties to their patrons to be thorough in this. They were hasty going into it so they may as well improve their track record getting out. lol
JPM probably offered something like 15 billion or something a few months ago. Another ridiculous offer.
It's beyond my scope of experience to predict whether commons are wiped or not. NOLs are valuable and who doesn't want them as long as it's not a wash mathematically?
This settlement might be a closing chapter to the '08 meltdown and it may be billed as such sometime this summer. Or, it might be settled next week.
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