Saturday, June 18, 2016 8:52:24 PM
We need some expect to comment on JPM's Investors Presentation relating to WMB purchase dated 9-25-2008:
Tangible assets assumed $296B
Liabilities assumed 265B
Net Assets 31B
Loan Marks (31B)
Reversal of loan reserve 8B
Other PAA (6B)
Adjusted net asset value 2B
If this was correct and accepted by FDIC & FDIC-R, the only assets
remaining with Receivership is only $2B to return to WMILT.
(Even if we stopped at apoint above Loan Marks ($31B), we can only get $31B Net Assets left, way below many here promoting hundreds of $B returning.)
The dreams of so many escrow holders are going to be broken. OMG!
Please come in to help to interpret the above report quoted by johnnykansas. (Johnny ,Thanks for the info.)
Someone, HELP! HELP! HELP! (IMHO)
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