"When WaMu filed for protection from its creditors, it listed assets of $32,896,605,516 and debts of $8,167,022,695.
Yep. Most of those assets were in that one investment in one subsidiary known as Washington Mutual Bank. Other than that, deposit accounts and other assets returned to the debtor WMI parent as part of the GSA.
A nasty fact, bitter and brutal. That is why shareholders assert that JPM didn't pay for what they got in WMB as it relates to its parent WMI. Shareholders were and are still irate to this day.
So, if what shareholders are irate about (that JPM took so much more a pittance of $1.9B), how can that be true if JPM "didn't actually get what shareholders know that they ""got for nothing?""
And the enterprise value of what they got in WMB was way more that the net assets presented, and the parent WMI, and its shareholders, were seriously mistreated to say the least.
WMI Investment listed assets of $500,000,000 to $1,000,000,000 with zero debts".