your post 129125 I believe it was, is 100% wrong. Preferreds do not have to be paid in full whatsoever for commons to be paid $1 or anything. I cant understand why you come up with this stuff. If JPM and FDIC lose, there is absolutely no way that commons wont be paid. Creditors DO NOT have to be paid immediately. Creditors DO NOT have to be paid in full for commons to get $1. JPM and the FDIC lose, they have to pay everything. Court costs, lawyers, interest, dividends on the stock since bankruptcy. They have to pay A&M. Sure Wamu has paid all expenses so far. JPM and FDIC will pay every out of pocket expense Wamu has paid. And they will also pay interest on that money. That is a fact. If WAMU is found to be worth mre than what JPM paid for it, Rico will follow. Jamie Dimon has already stated that they have made far more than what they paid for WAMU. JPM has stated that the $4 billion is actually WAMUS. State facts, not frivilous arguements with unfounded statements. And you can expect the shareholders that committed suicide for a thief stealing their hard earned money, to have their families compensated. You should also assume the possibility that the families of the deceased victims that committed suicide to eventually file for civil trials all over the place. Do not forget that there will be the possibilty of some charge related to manslaughter or murder to be pressed somehow or someway. Also rest assured that Jpm and fdic losing Jpm stock will not be accepted to pay any damages. Just cold hard cash. No stock swap accepted. If the only way for Wamu to be paid is for JPM to go into chapter 11 or 7, so be it. And vice versa for FDIC. Mark this post and quit posting nonsense. Stick with FACTS and not bs garbage.
News 
Market Data 
Discover 
AI
