Do supply the report. There was a project fillmore which was to transfer some 20 billion to the holding company which did not. transpire because of the fdic seizure. There was a fight over a 4 billion deposit owed to the holding company, so the other 16 billion although maybe not a deposit was nevertheless a liability to the holding company which never had to be paid back. And wmbfsb had other depository liability as well. The point I was making was that although jpm assumed 180 billion in deposit liabity, jpm really only was on the hook for 140 billion. So you think jpm took on a 140 billion of deposit liability without getting loans in the deal?
Not IMO...its a fact. My understanding is that Project Fillmore was about parent cash sitting in subsidiary bank and being repositioned to parent to meet THRIFT (OTS) REQUIREMENTS.
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