"You are focused on JPM, but your focus should be on the FDIC imo."
Depends....that's assuming JPM did nothing improper w/ insider knowledge etc to help bring wamu down....that remains to be seen. Seems highly likely to me....
It seems the real difference in your and everyone else's thinking is that you don't think discovery will lead investigators to any obvious criminal action on the part of JPM and their management. People who are thinking settlement believe it will happen because JPM's management knows that discovery will land many of them in jail Enron style... That's really the only reason the JPM settlement talk is even around... because many are convinced they blatantly broke the law and conspired to bring down WAMU.