Don -- If she intends to do that, shouldn't she have made that clear in her previous denial? She spent so much time saying that everything is on the up and up, even though the plan was denied. Rosen then makes small changes and resubmits. Shouldn't she have told him not to submit without a valuation? I can't reconcile these two things in my mind denial with guidelines on what to fix, yet no mention of valuation.
Now. Just for speculation sake. Do you think an entity emerging from this BK is more likely than JPM stepping up, possibly with the help of the FDIC, and completing a merger of sorts? Won't hold you or anyone to it, just interested your take, and other takes. I'm thinking more that a purchase price adjustment might occur.
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