donot, you are correct, terminology is so key, like I said sosososo many times, my guess is that the holding company books and bank books were a mess with inconsistent differentiation on what assets the holding company actually had, ie, they were commingled with the banks and thus this is what gave jpm the chance to steal all the holding company good assets and try to leave the liabilities. the dd'ers see a line item and assume that those assets are automatically coming back to the holding company, ie, ASSUME, not FACT!
all imo
Market Data 
Markets 
AI
