new flow.......it would be better to discuss the "16 billion dollar hole" in WAMU's balance sheet as a result of the bank run on deposits prior to the OTC taking the bank into receivership......where do you think the money is going to come from to fill it?.... of course, the assets of the bank....now did WAMU have that cash to fill the hole?.... I don't think so, because thats why they were seized....thats what JPM and the FDIC was fighting over, who was obligated to fill the hole in that balance sheet of 16 billion dollars withdrawn by depositors......JPM got the banks assets, wrote them down to negative equity, and there is still that hole at the FDIC....this his why the FDIC says no payout is expected to equity holders of the bank.....now the chapter 11 closing says, and I posted the link), that 7.48 billion dollars was paid out to classes of Creditors up to class 18, and class 18 was impaired (they only got 85% of their claims)....this sum is consistent with her E-mail....A/M was tasked to monetize WMI holding assets to bring them out of chapter11, which they did.....does WMIH have more assets some where besides paying off the chapter 11 Creditors, and remember this reorganization was for creditors only, NOT EQUITY holders of WMAUQ, or escrows.....?.......find it, and you will get the HLCE......IMO it does not exist... but thats MY OPINION ONLY, and my posts should not be deleted because I hold these views....Lodas
Market Data 
Markets 
AI
