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Friday, December 08, 2023 7:05:31 PM
Already ruled upon in DC Court referenced to as the Dual Track that JPM is required to pay full book value for WMB and it’s assets as of the day of the seizure. The $1.88 Billion was an initial payment based on 1% of WMB deposit base of $188 Billion for admission purposes as stated by the FDIC.
DOCUMENTED!
It’s not a‘secret’.
WMI sued the FDIC for $307.2 Billion for WMB and it’s assets, after some money came back to the WMI estate (~$7.9B). The FDIC response was $299 Billion for WMB and it’s assets.
JPM is awaiting the final valuation with the LIBOR adjustments for WMB securitization for final valuation.
Your following points are not worth a response…
Know maybe you understand LOL!
I am Laughing Out Loud at your post.
The lo-one has made many ‘stuff’ not worth reading as posts.
You to may soon occupy the same space as lo.
Kindly,
Ron
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