Observacion de Lovebug
i think, unfortunately, there is one more roadblock before we can even get to jpm/fdic....wgm.
that firm will have to contemplate whether it is worth while to keep jpm (yes, they are huge) as a client or risk the company from being further dragged down the rabbit hole and lose other clients.
as big as jpm is, they are not really that much in the bk business as much as other hedge funds are...although if jpm gets what they want here, jpm just might venture into it....
if wgm is somehow implicated by this impending mess by the SNH, then how much more clients of theirs will distance themselves from a tainted firm......then again, they might gain new ones considering they are showing they can be bought....
a truest wild card is the EC appeal, and they have no roadblock to put if it ever comes down.....a direct challenge to everything and anything trying to destroy equity.....the IT and mediation is simply the new low ball, first one being the one from may. but then again, thinking out loud, a reorganized company with a a billion or two in capital, possible recovery from litigations, and a couple of dozen billion in NOL's is not a bad starting point.