I don't know either;I just have to believe that at this point,FDIC & JPMC just want this to end,even if they have to make an accommodation for equity. Also,I wonder if there is collusion between JPMC and the hedge funds???
Guess that depends on whether JPM/FDIC were actually planning with the hedgies to wipe equity out.
Like the "well these assets are hard to prove value on, but these are easy so we will trade". You wipe equity and end up with this...
Now, how many during these meetings do you think the fdic/jpm stated if you.don't.give us this equity sticks around... we all know jpm wanted shareholders to end.up with nothing!