boarddork, now the following is thanks to Ron_66271 as he has gotten his right a long time ago IMHO. Great post Ron!
No doubt JPM acting as the BRIDGE BANK in this travesty since 9/2008 is a VERY LARGE KEY POINT in this case! __________________________________________________ OFF BALANCE SHEET
JPM's 10-K R-203 money is sitting somewhere since the end of last year, 2014!! Five months ago.
Why would it be OFF BALANCE SHEET for JPM?
The R-203 are the same assets as the PtC of 510(b) for the over-funded claims that TMF is party to with WMI/WMILT. JPM is just a 'Bridge Bank' for these WMI/WMILT assets for the FDIC.
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