AI
Tuesday, September 08, 2015 10:48:46 AM
JusticeWillWin, the subrogated deposit claim...
...is what they do (as the FDIC-Corporate, the insurer or guarantor up to the FDIC limits) since they would have to honor such deposits they simultaneously make a CLAIM (a subrogated claim) for such amount of the insured deposits.
...I do not know, and have not looked at or inquired, as to when the CLAIM should or should not be removed; i.e., whether it remains until the receivership is closed for example.
...one would think, unless it is purely a procedural or administrative matter, that the FDIC-Corporate "no longer has any claim against the receivership" as you state that JPM assumed all $188B of the total deposit liabilities of WMB (including the $151B insured deposits).
...just a note, deposits are liabilities; JPM bought assets and assumed certain liabilities (the largest being the $188B in deposit liabilities).
...I guess if one looks at the bottom of the claims detail, it does show TOTAL DEPOSIT CLAIMS of $151,150,664 Less: Dividends Paid to Date of $151,150,664.
...so it looks like the Total Unpaid Deposit Claim is in fact $-0-.
...is what they do (as the FDIC-Corporate, the insurer or guarantor up to the FDIC limits) since they would have to honor such deposits they simultaneously make a CLAIM (a subrogated claim) for such amount of the insured deposits.
...I do not know, and have not looked at or inquired, as to when the CLAIM should or should not be removed; i.e., whether it remains until the receivership is closed for example.
...one would think, unless it is purely a procedural or administrative matter, that the FDIC-Corporate "no longer has any claim against the receivership" as you state that JPM assumed all $188B of the total deposit liabilities of WMB (including the $151B insured deposits).
...just a note, deposits are liabilities; JPM bought assets and assumed certain liabilities (the largest being the $188B in deposit liabilities).
...I guess if one looks at the bottom of the claims detail, it does show TOTAL DEPOSIT CLAIMS of $151,150,664 Less: Dividends Paid to Date of $151,150,664.
...so it looks like the Total Unpaid Deposit Claim is in fact $-0-.
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