JPM will need to buyout WMI before the FDIC settles with WMI. If the FDIC was to settle the lawsuit with WMI before JPM purchased them, then WMI could use that money to emerge out of BK strong, buy back all the bank branches JPM does not want and the FDIC is still operating and become a bank again. I noticed in the financial billings, that a lot of talk was thrown around about Wavelink technology [buyout] does anyone know anything about that?
As for JPM [If I we're Dimon]
1. Use Tarp money [that the gov't will not let you pay back] to buy all prefs. [they may be sucking them up now]. If you buyout the preferreds with money that is not even yours, then all you need to do is convert the commons. Issue a press release that stateS "We needed to get all of the holding company, so we can operate with those subsidiaries intact." Easy to do...
2. Convert all common shares to JPM (newly issued ones)PROBABLY A 1:4 SPLIT (estimated 450B shares added to 3.2 bil is only 3.7B when done. Put a stranglehold of [30 days] on all the shares, so if the price drops, you are still screwing the commons of WMI! Smile on Dimon's face. Use the press to make it seem like you [Dimon] are still Wall Street's Golden Boy and laugh all the way to the FDIC office, where you are going to finish negotiations {it's not like they haven't started) and collect a check to payoff all the commons you needed to convert and get rid of those pesky WMI shareholders. Offer them a nice buyout of their JPM stock and see which ones fall for your little trick! Put initial buyout funds back into account..
3. Make sure TPG [chinese investors] are taken care of when you purchase the holding company as not to ruffle any of Treasury's [Your pal Geithner's] feathers. Make sure that the deal is signed by JPM and WMI by May 20th, so all court cases will be settled and shredded. Admit no wrongdoing and get ready for the next bank the FDIC is gonna give you, because you helped them out of a PR nightmare.
You see the reprecussions of this whole thing will have a ten-fold effect on the banking industry, once the [real public] is made aware of what happened. Once the judge on May 20th orders an investigation into JPM [ unless we get a delay] for some reason, the rabbit is out of the hat and running around and no one can catch it. I feel strongly that JPM does not want a run on WAMU and Chase banks at the same time and will not let this PR nightmare catch legs. They just need to finalize the transfer of the funds for the FDIC settlement that will occur right after they buy WMI(wait for P.O.T.U.S. signature in Rose Garden)Look at how easy it will be for them to make it all disappear, virtually overnight.I mean if you have about 15B right now, you could buy lawsuits that are potentially worth double or triple that. Good investment for a smart economist mind.
JPM is not the only bank in our banking system. They will be forced by B.O. and the rest of the elite to squash this, take their lumps and move on and don't take a chance on screwing up our new artificial/government economy {Which I hope works} !!!
An der Börse sind 2 mal 2 niemals 4, sondern 5 minus 1.
Man muß nur die Nerven haben, das minus 1 auszuhalten.
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