I have no proof of what JPM got for 1.9B of course. neither anyone has an idea. But the fact is that WMI was not part of the sale but WMB was, and unless an asset was in SH or securitized then it is not safe from the seizure and sale. And we don't know how much were. Remember that WMI had the assets rights and not the assets themselves. Everything was over WMB. SG estimated that WMI had about 30B-40B assets. But remember that we have to pay a number of debts and claims and so we will be lucky to get more than 20B and that i very very optimistic. I am just hoping for at least 10B or face value for old preferred.
In the news, the Fed raises the interest rate. This is good news for NSM/WMIH but I guess nobody cares because people only care about faked assets coming back from WMI to WMIH.
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