which means that WMB actually only had $2.735 billion in cash on June 30, 2008.
If WMI had $4.5 billion in cash, Where would WMI put their cash? Where would WMI have an account? In WMBfsb, Not Wells Fargo or Citi.
Your math is wrong!
Also, the Cash And Cash Eq is $7,235 bil. is Net cash at the parent. Not all cash, Net at parent
The WMBfsb sub could have easily had $20 billion in cash. Again, this is net number. They might have $19 billion in liabilities against the $20 billion. You are making up numbers that you just dont have, I have seen Project Fillmore stating WMBfsb trying to bring down a $47 billion cash balance with the approval of OTS.
They already had $58 billion in advances from Federal Home Loan Banks accompanied by $39 billion in other borrowings and “other liabilities” (which are/were a lot “more real” than their “other assets” and loans held).
Show me data..... And, what does Federal Home Loan Bank do? Do you know?