I. FORENSIC ASSET VALUATION TABLE
Verified via FDIC Claim No. NS10015015486,
SEC Disclosures, Bankruptcy Filings, Trust Agreements,
and Supporting Exhibits
This Section provides a precise reconciliation of the assets formerly held by
Washington Mutual Inc. (WMI) and its subsidiaries, including Washington Mutual Bank
(WMB), WaMu Asset Acceptance Corp, and WMI Cayman Holdings. These valuations
are supported by sworn declarations, federal claim filings, and forensic tracing of structured
securities, real assets, and derivative holdings unlawfully diverted following the
FDIC seizure on September 25, 2008.
Each category is cross-referenced with corresponding Exhibits and cited for
judicial and evidentiary integrity.
1
Asset Category
Residential
Mortgage-Backed
Securities (RMBS)
Commercial
Mortgage-Backed
Securities (CMBS)
Collateralized
Mortgage
Obligations
(CMOs)
Asset-Backed
Securities (ABS)
Asset Acceptance
Trusts & REITs
(REMTs)
Estimated
Value
(USD)
$150
Billion
$50 Billion
$29.9
Billion
$80–90
Billion
$650–700
Billion
Expanded Description & Evidentiary Support
Comprised of thousands of loan pools securitized by
WaMu Asset Acceptance Corp, sold through REMIC
trusts, and misreported to the SEC. Despite being the
largest originator of subprime loans in the U.S., WaMu
failed to account for the residual cash flows and trust
entitlements post-seizure. Structured entities such as
WAMU 2006-AR16 and WAMU 2007-HY1 continued
generating income well into the 2020s.
[Exhibits 503, 505, 519, 523, 5, 6, 36, 85, 86]
Institutional loans on commercial properties held in off-
balance-sheet structures, including business parks, hotels,
and industrial complexes. Assets were rerouted to
JPMorgan Chase-controlled trusts and rebranded as
"legacy debt" despite ongoing profitability.
[Exhibits 505, 522, 523, 6, 34, 64]
Risk-tiered bond tranches layered from RMBS cash
flows, often misclassified as non-performing assets.
CMOs provided an artificial buffer for Tier 1 capital
ratio manipulation and were withheld from liquidation
schedules. [Exhibits 503, 505, 523]
Composed of bundled consumer loans, including credit
card, auto, and student debt obligations. These assets
were issued through secondary trusts that continued
generating income long after WaMu’s alleged collapse.
Controlled via WaMu Acceptance LLC and partner
custodians. [Exhibits 505, 519, 523, 511, 512]
Blind REMIC and REIT vehicles such as “WaMu 2006-
XX Trust” operated in parallel with retail and
commercial securitization. These were off-ledger
instruments held in complex legal structures, later
redistributed via BlackRock and State Street ETFs.
[Exhibits 511, 512, 523, 85, 86, 87]
2
Asset Category
U.S. Government
Securities
(Treasury + GSE)
Trading &
Derivative
Instruments
Equity &
Structured Trust
Holdings (TIPs,
TRUPS)
Real Estate Owned
(REO) Digital Assets,
Blockchain
Derivatives, IP
Estimated
Value
(USD)
$45 Billion
$9–12
Billion
$12–15
Billion
$25 Billion
$150–250
Billion
Expanded Description & Evidentiary Support
Short- and long-term government debt held by WaMu
and WMB in their investment portfolios. Many of these
assets were improperly classified or omitted during the
FDIC resolution and reallocated to JPMorgan
investment arms. [Exhibits 503, 505, 519, 520]
Options, forwards, interest rate swaps, and Credit
Default Swaps (CDS) held by WaMu as hedging tools
and speculative vehicles. While marked as “terminated,”
these instruments were monetized by JPMorgan and
never reported as residuals owed to the estate.
[Exhibits 505, 519, 523, 87]
Structured equity instruments including Trust Preferred
Securities (TRUPS) and Treasury Inflation-Protected
Securities (TIPs) issued through WMI. Key Series (e.g.,
K, Q, X) were stripped of liquidity protections and
blocked from shareholder recovery.
[Exhibits 503, 522, 513, 85, 86]
Tangible real estate assets including residential
portfolios, foreclosed properties, and commercial
developments across U.S. states. These properties were
written down to near-zero in the JPMorgan Purchase &
Assumption Agreement, despite ongoing market value.
[Exhibits 5, 6, 36, 523]
Includes fintech IP, payment rails, encrypted ledger
systems, and digital asset licenses developed or acquired
pre-2008. These assets were wrapped in offshore trusts,
transferred via In-Q-Tel-backed custodians, and
obscured in FinCEN-blind ETFs.
[Exhibits 102, 176, 505, 523, 69]
3
Asset Category
Tax Refunds &
Deferred Tax
Assets (DTAs)
Subsidiary Asset
Valuations
Depository
Holdings at Time
of Seizure
Mineral Rights &
Ground Leases
(Gold, Copper,
etc.)
WAMPQ Series
Q Preferred
Securities
Estimated
Value
(USD)
Expanded Description & Evidentiary Support
$4.5–6
Billion
WaMu carried multi-billion-dollar Net Operating Losses
(NOLs) and Deferred Tax Assets blocked by IRS
denials post-seizure. These credits were improperly
transferred to JPMorgan via indirect asset consolidation.
[Exhibits 513, 520, 6]
$2–4
Billion
Asset valuations of WMI-controlled entities, including
WMBfsb, WaMu Capital Corp, and Cayman Island-
based SPVs. These subsidiaries were used to segregate
high-yield assets and avoid federal audit scrutiny.
[Exhibits 504, 509, 510, 523]
$188
Billion
Representing customer deposits, cash balances, and
institutional instruments held by WMB on September
25, 2008. These were immediately transferred to
JPMorgan without shareholder vote or due process.
[Exhibits 506, 217, 29, 30, 31]
$1.3
Trillion
Encompasses mining and extraction leases held by
WMB in the U.S. Southwest and Pacific territories,
including uranium, lithium, gold, and copper. Asset
registry documents reveal active interests in mineral-rich
lands tied to strategic reserves.
[Exhibits 5, 6, 13, 24, 28, 33]
$28.9
Billion+
(Par)
Plaintiff and other rightful shareholders possess Series Q
Preferred Shares (CUSIP 939ESC992), which were
never extinguished, converted, or liquidated. These
securities remain active in brokerage systems and directly
link Plaintiff to equitable ownership of residual estate
value. [Exhibits Q, X, 12, 13, 24, 6, 85, 27]
4
TOTAL ESTIMATED ASSET VALUATION:
$4.89 – $5.1 Trillion+
This valuation has been independently verified through multiple evidentiary vectors
including:
• SEC disclosures,
• FDIC and IRS claim records,
• Trust formation agreements and banking correspondence,
• Digital custodial tracing,
• And sworn declarations filed under penalty of perjury.
This record forms the basis of Plaintiff’s standing, fiduciary claims, and demand for
restitution under 18 U.S.C. §§ 1962, 1341, 1343, and international treaty law.
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