El principal objetivo que buscaba JPM/FDIC/Weil es que la gente crea que esto se ha terminado el pasado viernes
1. It is upsetting to see several good people get shaken out of the tree and lose their investment or LTCG
2. This was a low-ball offer purposely (why settle high without being forced to)
3. This low-ball offer eliminated the need for Walrath to render a decision on SJ and keeps the money with JPMC
4. MOST IMPORTANTLY: "The world now is 'aware' that WMI, FDIC and JPMC have settled" This is not the case. I believe this to be far from over. However, the media sources picked it up and informed the public that this is over and that JPMC retained it's PPS as well as did not suffer any major loses. This in my opinion was the biggest implication of today's news.
5. IMO: Weil showed his card, specifically his interests in these proceedings without a doubt. It was like a movie almost with the EC saying "we never heard about this" or if not a movie at least some very important information for the public to know when objections come into the picture. I believe the media will ignore or minimize any additional monies that shareholders/equity receives; after all its all done right?
6. JPM and FDIC are not stupid, nor is Weil (as far as Intelligence goes). They are aware that EC will be a force to deal with. Specifically though, they have 'reduced' expectations today by throwing such a low-ball offer out there. A deal that would essentially disregard Equity's concerns.
The next month should, as some have posted, be end game scenario. WMI is willing to put this to bed.
The question is.... how much will it take for the EC to put this to bed and how much bargining power do they have now?
Keep your heads up and try to enjoy the weekend.