Who holds a majority of the WMI debt???
"Goldman, Deutsche Bank AG, Citigroup, and Bank of America collectively hold $3.26 B of Washington Mutual Inc debt. "
That was an exact quote from a December 2nd article by Peg.
Now, tack on some juicy post-petition interest and we're looking at approximately $3.9 billion in cash that these 4 entities will receive if it is senior debt, which will mean that a large majority of WMI's cash will go to those thugs, and if it is junior debt, then these guys will essentially be the owners of the reorganized WMI as the WMI noteholders will get control of the reorganized WMI's stock as payment for their notes and post-petition interest.
Numbers don't lie, people do.
