Tuesday, June 20, 2017 5:05:09 PM
If 100+ billion comes back from the trusts, 100billion-17.5billion FDIC "costs"=82.5 billion for escrows.
If 75/25 split=61.9 billion for prefs, 20.6 billion for commons=$17.18 per common escrow.
If no 75/25 split=+/- 10 billion for prefs, +/- 72.5 billion for commons=+/-$60.4 per common escrow.
The 17.5 billion FDIC costs are made public last May on FDIC website.
Subrogated claim of FDIC is 151 billion, so if escrows receive 100 billion, WMIH will have a claim of 51 billion on FDIC receiver.
I hope FDIC got enough billions left with all the MBS claims they made to other banks to recoup WMI related losses.
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