The parts are worth more. Even if they don't get broken up, still worth way more then it is now at book value. Should be 2x. That's double from here. Broken up, you'll receive all the parts and it will be worth 3-4X just like Phillip 66 when spun out of COP. Loading up big here.
JPM is completely insolvent and has the worst capital ratios in the banking industry. Shareholders won't get a part of anything after the fall. A shareholders only hope is continued government bailouts, and not a government takeover. There won't be anything if the government decides to "fix" the problems.