Hi, Linda
Some points have been discussed as follows
1) JPM took WMB's subsidiaries assets ( i.e. MBS ) but have to return because JPM can only take failed bank's assets, not it's subsidiaries.
2) JPM released 100B+ at the end of February. Most likely, it went to FDIC-R. Then to a bridging company called Trackeray
Bridge III. Then to WMIHLT.
3) JPM showed three items on its 10K end at Dec/2014. JPM never showed it before. On this 10K, JPM listed 3 Items ( repurchased, liquidated, still coming back) of MBS total up 150B. From 2008 till 2014, JPM charged FDIC 2.5% service fee on those MBS. All those MBS are secured by WMI.
4) It happened probably during the final PA £ A between JPM and FDIC after sept. 26, 2014.
5) nothing is concrete yet. A lot discussion the escrow holders would get paid in full or more .
6) On and on, people showed a lot of their DD, but also somebody do not believe it.
Peter
