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clawmann

10/26/15 3:50 PM

#439568 RE: tcr7309 #439566

FDIC-R has its own priority waterfall to be satisfied out of the estate of WMB. After all claims (including those of JPM and DB) have been paid, settled, or dismissed, then - if there is anything left, a "surplus" - the FDIC-R would have to determine who gets that. If I recall correctly, the last item in the FDIC-R's waterfall seems to indicate that the surplus - if any - goes to the equity holders of the bank.

The bigger question that many on this and other boards keep raising is whether there are assets in the possession or control of FDIC-R and/or JPM that were not assets of WMB but are assets of its parent, WMI. If there are such assets they have to be returned to WMI's estate.

You are not the only one who knows how the world works. And there is no way - considering the lawyers working for the WMI estate (that includes both Susman and WGM) - that the FDIC-R or JPM is just going to be allowed to keep such assets if they exist. If they exist.