That move to declare the "capital contribution" as a deposit will
snowball this entire action into the begining of the long awaited
"settlement". JPM cannot afford to let the $4 billion go, nor sit and
be the patsy to pay for all the stolen assets. JPM was the hand behind
the decision for the takeover and the PTS and FDIC "believed" their
numbers and report, as the FDIC never even ralized what the true
situation was. Dimon bagged her and this is "payback time". With JPM
as the target, the FDIC may get away with as little as a $1.88 billion
refund to JPM. JPM must buy WMI lock, stock and barrel to avoid a huge
cash settlement..so they will pay in paper. It was fate that made JPM
intercede and it was vengence to see the FDIC pull the rug on the $4
billion..IMHO opinion, Judge Walrath's decison will not be welcomed by
Dimon..as it may be the first step in his eventual ouster..(they don't
really need him anymore, other than to be the bagman for all the
lawsuits they are facing).
Sometimes a big firm like JPM has to put on an honorable face..