Don, You are absolutely right. However, I have a questiion never could straight out from my mind. Please give me some your takes.
According to the comments from FDIC, most things are done except some administrative works, such as evaluation of real estate assets, etc.
If you were JPM, would you start to convert WAMU branches not provided there was some guarantee from FDIC? So, in other words, is it just like Diamond said "FDIC pays for it"?
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