Agreed!!! WAMU IMO couldn't have liquidated $24B+ in MBS assets in the less than 3 months before WMB was seized,...not under those market conditions leading up to the crash.
In addition the FDIC, according to the P&AA, were entitled to withhold assets from sale which it deemed to be "essential to the Receiver".
Still not sure how this will play out re our Markers but at least we have WMIH!
Not slighting HM's post at all BUT, I like this one of yours even better!!!!!
"""The -$40.2B asset related equity adjustments are comprised IMO of the $13.8B WMB Notes and $26.4B (the complete equity) in "assets" that were not given to JPMC.""""
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