Yes, the fdic receiver is tied to wmb and to wmb only. The financials and the remaining administrative debt is a burden for the fdic. The only means of getting paid is libor which may not be enough. FDIC gave away free assets that belonged to WMI, 30 billion. If they did what they were supposed to do and get max value for the assets.
They may hold up the bonds,maybe, they may holdup the p’s maybe. Capital Trust they can not. That was outside the bk and fdic. That is the wild card here.
You can ask the question to another fdic rep and get a different answer.
The issue here is bk is closed 12/2019. LT is done and gone. Ownership change has finished 2/2021. Now we wait
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