It’s basically all settled. Upstream Issues is about criminal penalties.
Yes the FDIC is asking for ~$400 Billion regarding the seized banks losses.
WMI sued the FDIC for $307.2 Billion “WMB and it’s assets “. The FDIC and JPM lost.
We read ‘$86 Billion for WMB’. True statement for WMB alone. Those estimates are only based on WMB’s revenue stream. No reference to the assets of WMB like WMBfsb with ~$50 Billion in deposit’s and ~$50 Billion in cash, and other Assets.
I’m only discussed the RMBS. What about the rest of the ABS generated by Washington Mutual?