everybody thinking about a swap...Jpm offered $8 a share in 2008. thats was not swap money. they have made tens of billions in profit since wamu was seized, off of wamu of course. that is more cash they can offer now or so. example Jpm made $32 billion profit since wamu seizure. They pay wamu $30 billion back, leaving them $2 billion profit since they stole wamu. Wamu thinks they get paid a fair amount to settle, and jpm actually makes out like a bandit and get away scott free and moves on. My figures are made up and this makes alot more sense than a swap. Jpm has made billions since the seizure, we just dont really know how many billions. jpm is just giving it back with a little bit of interest....jpm pays fair value for wamu because they were unaware wamu whad that many assetes.
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