Some experts on this board have found evidence of retained assets by the FDIC-R. And we know the definition of Safe Harbor and Securitized assets. They cannot be seized and sold. We know that WMI was not seized.
So knowing all of the above, nobody knows exactly how much there are. It is certainly not zero but it is not greater than 100B either.
If it is a few billions then I understand that it is very easy to hide.
If it is more than let say 10B then I am amazed that they can hide it so well.
Hopefully the FDIC-R oversees the trust to make sure that nobody loots the treasure pot.
When the trust finally announces how much money is in escrow then I assume that somebody can ask to inspect the book. I don't know how but in a lawful and democratic country, it should be possible.
The SH assets, if they exist, are being managed by the FDIC and serviced by external entities such as JPM on our behalf, until distributions can be made.
My confidence will increase regarding when we will see distributions is the WMB Bonds receiving payments or having their claims resolved by the FDIC.
Resolution of the "Employee Claims" litigation is also an indicator for the imminent closure of the bankruptcy and possible distributions to us.
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