If JPM ‘Found’ $30 Billion, Then…
WMB’s book value is now $337.2 Billion for WMB and it’s Assets.
Or;
Just because JPM found something, doesn’t mean that it was lost!
Accumulation of interest payments on either number is big even at FJR of only 1.95% rate.
Time for the FDIC to start releasing now undisputed funds to reduce accumulation of interest payments.
The WMB Notes are backed by $26 Billion in assets which should cover the Covered Notes obligation of $14 Billion as claimed by the FDIC.
Therefore proving WMB’s 2008 solvency.
With WMB’s proven solvency, there is no justification for the FDIC to have a lien against the Retained Earnings of ~$25 Billion and/or any other assets of WMI.
Ron
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