Plus it would be a 5th amendment unfair taking. JPM must pay for the bank in full. Not for 1.8b. So we are in for some wild times once the Libor litigation closes. Remember FDIC Janis Hearns said the receivership could not close while there was ongoing litigation. We are getting close to resolution. Lets see if justice prevails.
The Retained Earnings of now about $2.5 Billion is 2.5X above Class 19’s claims relating to their Face Valuation. That covers past interest payment losses handsomely.
The Common Share Holders own the WMI Estate. No 75/25% to the end.
One one lied. The February MOR Retained Earnings told us!