As no one outside of the insiders know what that sealed document is we are all guessing on what the outcome of that document will be.
We obviously are all hoping for a settlement or having enough info to force JPIG & FDICRAP into a HUGE PAYMENT that will allow WAMU to continue on and we all get paid as the market will see that the amount of cash reserves which then have no L's to diminish the cash would make the amount of the payment a factor of 3X.
Example: lets say the settlement is for 50B.
50B minus 10B for debtors and preferred shares gives 40B as a cash reserve
The market would look at that 40B as 1/3 of its true potential and would drive the stock price to:
40B/1.7B(shares)=$23.53X3=$70.58 market value of the stock.
Just don't hold your breath. That would be tragic. Also, nobody knows how much common is going to get paid because nobody knows what is behind the sealed curtain. Hence the HUGE REASON for sunshine. Sunshine, if it is as dangerous as some have claimed, would bring everyone to their knees and they would be beggiing to get a deal done. Walrath NEEDS to hold the sword of sunshine over these crooks heads with a drop dead date. If she doesn't have a drop dead date then JPM and their crooked buddies will obfuscate the truth until our next reincarnation.