JPM quiere más $$$$$$$$$$ de la FDIC
I think this is probably the most significant news that has surfaced during this "dead time" while we are waiting to the examiner's report. I didn't expect JPM to go quietly into the night. They obviously still have arrows in their quiver and it is good for us as long as they keep them aimed at the FDIC. I think it is significant that JPM seems to be asking the FDIC for more money. That would appear to mean they expect to have to pay out more money. The best news we could hear is that JPM would like the FDIC to pay them 30, 50 or even 100 Billion so they can pay WAMU shareholders what they owe. Just the fact that the news is out that JPM is looking for funds from the FDIC is a tacit acknowledgement that they are expecting to make a payout. They see what's coming and are setting the stage. I expect and hope for more public squabbling before we see the examiner's report.