I believe that IF there were WMI/WMIIC assets wrongly seized by the FDIC, they will be returned to the WMILT for liquidation and distribution to Escrow holders. Any WMB assets that JPM cannot claim as being bought (Assets not assets..P&AA) those could be sold and used to pay the WMB Bonds with any surplus also trickling down to Escrows.
Quote..."The "Assets" of WMIIC belongs to the WMILT and "100% of the Equity Interests" of WMIIC belong to WMIH.(paraphrased)"
Note: WMI vs WMIIC Turnover Action...ended 31st August, 2016.
It is my belief that the Equity Interests (EI's) held by WMIH in WMIIC hold similar significance to the 100% EI's WMI held in WMB. How, if in any way possible, could WMIH translate these interests into some tangible benefit to company is debatable.
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