Yeah, it's kind of like shooting yourself in the foot, huh? Investors should gladly give the short version of all their work and be glad they're able to do so. It's to their own benefit. It makes no sense to me.
Anyway, I've been in for a couple of weeks and not much time to do a lot of research. So I can't really help. The hope is JPM will want to settle the lawsuits and not drag this out for years. There's been some favorable rulings so far for Wamu.
The bank was solvent when it was seized. To me, it was like a communist act by the FDIC. Guesses for settlement amount and how it will happen are just that, guesses. It may not settle at all and be a fight to the end. So it's a good place to park some cash. Many have flipped to increase their shares. At this point in the game, though, I wouldn't flip anymore shares. Too risky. If it works out favorably for Wamu, it could be huge. It's worth risking what you can afford to risk.
All this is my personal opinion.
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