LP, Retained Earnings and Non-Debtor Subs Have Nothing to do With FDIC.
RMBS are under the control of the FDIC. Therefore bankruptcy remote RMBS assets are under the FDIC control. Remember Hockberg? Has WMIIC assets every been valued? No!
Otherwise I would send him an email, asking what their months long negotiations behind closed doors were about the non debtor subs and their interests. Probably Edgar did not miss this topic out...
My last email to him was more than 10 years ago, so it supposably wasn't impudent to ask him again...