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Re: seamus3500 post# 477355

Tuesday, 05/09/2017 1:16:10 AM

Tuesday, May 09, 2017 1:16:10 AM

Post# of 729880
In the FDIC-R of WMB, the subrogated claim of $151B was the claim of FDIC on behalf of the former WMB depositors against FDIC-R who had to transfer a total of $188B cash or cash equivalent asset to JPMC to balance the $188B liability owning to the depositors transfered from WMB to JPMC.

JPMC got $37B from FDIC prior to this $151B claim totaling $188B.
In addition to this $188B, JPMC had to pay for book value of all choice assets of WMB acquired.

$151B at issue was not the claim of FDIC nor WMILT against JMPC, not the windfall to escrow owners.
Please do not get disappointed.
The leftover will be much more than $151B.
Just wait for 6-9 more months, get the champagne ready for a toss.


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