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austin01

04/19/20 3:08 PM

#622410 RE: Large Green #622400

Large Green, so do you feel WaMu's 299 B in assets is at the FDIC?

mwd44

04/19/20 3:23 PM

#622411 RE: Large Green #622400

You are right about that! In my opinion, they won't get those releases until JPMC pays for WMB's assets. Which I calculate to be approximately 64B. Here's the breakdown.

Commercial Real Estate: 30B
Tax Returns: 6B
TPS 4B
WMI Loan to WMB (creditor Claim against FDIC): 24B

Total: 64B

Chase has the liability for the creditor's claim against the FDIC because they received the benefits of the loan.

jhdf51

04/19/20 3:42 PM

#622414 RE: Large Green #622400

What might the timing be on that?

JHD

PickStocks

04/19/20 8:33 PM

#622450 RE: Large Green #622400

Well kosturos, Logan and Smith are long gone. Waiting on that signature could be forever