I don't think it is cut and dried.....thus the reason we are still here. The Receivership can't be closed with the DB suit still outstanding. For me the $151B (subragated claim) and the $165B R203 have been debunked. However, the two main questions for me are.... Will JPM made to pay a premium for the assets/liabilities they have received?....Book Value? Are there WMI assets still hidden? WAAC, WMMSC or any other subs...