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Post# of 730091
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ron_66271

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ron_66271

Re: bond-007 post# 505750

Thursday, 01/25/2018 2:36:33 PM

Thursday, January 25, 2018 2:36:33 PM

Post# of 730091
The Total assets 32.8 B Total Debt 8.1 B

Is only for WMI's currently held assets like BOLI/COLI and liabilities as of Sept 26th. WMB's assets were not part of WMI property at the time of the BK filings.

The $32.5B for WMB was just JPM's Brick and Mortar purchase of WMB's locations, with final reconciliation upon final accounting by FDIC for "the Final Payment" for "WMB and it's assets" to WMI Original and Releasing Owners of the Estate.

Yes WMI "owned" the Brick and Mortar of which may have been packaged in to Commercial Trusts.

Think: Leases and The 365 Sale regarding Leases.
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