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| Alias Born | 06/05/2014 |
Wednesday, August 14, 2019 4:00:06 AM
Did it simply go poof?
Was the total loss in assets since 06/30/2008 really greater than this $29B so the equity shrinked really to ZERO at the inception date?
IMO there are only 3 possibilities:
a) Assets really lost $29B in value since 06/30/2008 until 09/24/2008
b) The numbers on the books were completely wrong
c) Somebody else has the $29B (or at least a huge part of it) ==> remember the 40.2B asset related equity adjustments on the FDIC Inception Balance sheet, that were comprised of ~$13.xB WMB Bonds and ~$26B in equity of WMB
What is your opinion?
And why has the FDIC not been released by WMI (as a creditor for WMB as asserted), neither in its -R (receiver) nor in its -C (corporate) capacity up to now?!? There must be a reason...
And why did Sheila speak before the congress after the seizure, asking for far-reaching rights to seize holding companies?!?
TIA
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- Just my personal opinion, no investment advice! -
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