Good point. But how about WMB assets that JPM has to pay for on top of 1.9B? How come we don't it see at FDIC-R or is it the $2.76 billion FDIC-R has now?
The money for PIERS is miniscule but the fact that WMILT can pay along with all the employee claims mean they have money from somewhere.
P.S. I only have 2 posts remaining and so I have to conserve my ammunition :)
OK, I just discover something. Since WMI is not in receivership, bondholders cannot touch our money So does that mean escrow is next after PIERS is paid?
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