Forensic Asset Valuation — Washington Mutual Estate |
Asset Category |
Claimed Estimated Value (USD) |
Description (from filing) |
Verification Risk |
Notes |
Residential Mortgage-Backed Securities (RMBS) |
$150 billion |
Loan pools securitized via REMIC trusts (e.g., WAMU 2006-AR16, 2007-HY1) with ongoing cash flows allegedly unreported. |
🟡 |
RMBS exist; attribution to WMI post-2008 is hard to prove. |
Commercial Mortgage-Backed Securities (CMBS) |
$50 billion |
Institutional loans in off-balance-sheet vehicles, allegedly rerouted to JPM-controlled trusts. |
🔴 |
Complex structures; limited public traceability. |
Collateralized Mortgage Obligations (CMOs) |
$29.9 billion |
RMBS tranches allegedly misclassified as non-performing and withheld from liquidation schedules. |
🔴 |
Would require deep accounting and liquidation records. |
Asset-Backed Securities (ABS) |
$80–90 billion |
Bundled consumer credit (auto, card, student) issued via secondary trusts. |
🟡 |
Partly checkable via SEC/trust filings. |
REMIC & REIT Trusts |
$650–700 billion |
Blind REMIC/REIT vehicles held off-ledger; later redistributed through ETFs (alleged). |
🔴 |
Extraordinary scale ? very high evidentiary burden. |
US Treasuries & GSE Securities |
$45 billion |
Short- and long-term government/agency holdings allegedly reassigned to JPM investment arms. |
🟡 |
Bonds traceable; beneficial ownership attribution is difficult. |
Derivatives (options, swaps, CDS) |
$9–12 billion |
Hedging and speculative positions allegedly monetized post-seizure. |
🔴 |
Limited public disclosures; hard to substantiate. |
Structured Equity (TRuPS, TIPS) |
$12–15 billion |
Trust Preferreds and TIPS (e.g., series K/Q/X) allegedly blocked from shareholder recovery. |
🟡 |
Issuances exist; recovery rights are complex. |
Real Estate Owned (REO) |
$25 billion |
Residential/commercial properties written down near zero at transfer. |
🟡 |
Some verification via land records is possible. |
Digital Assets, IP & Blockchain |
$150–250 billion |
Fintech IP, licenses, payment rails, and custodial rights allegedly in offshore trusts. |
🔴 |
Highly speculative; difficult to verify publicly. |
Tax Refunds & Deferred Tax Assets (DTAs) |
$4.5–6 billion |
NOLs and tax credits allegedly transferred/improperly denied. |
🟡 |
Documentable but legally contentious. |
Subsidiary Valuations |
$2–4 billion |
WMBfsb, WaMu Capital Corp, and Cayman SPVs used for asset segregation. |
🟡 |
Entities identifiable; valuation is disputed. |
Deposits at Time of Seizure |
$188 billion |
Customer and institutional deposits transferred immediately at seizure. |
🟢 |
Well documented via FDIC and P&A agreement. |
Mineral Rights & Ground Leases |
$1.3 trillion |
Extraction/lease interests in gold, copper, lithium, uranium, etc. (alleged). |
🔴 |
Very large amount; not publicly evidenced. |
WAMPQ Series Q Preferred (par) |
$28.9+ billion |
Alleged to remain active in brokerage systems; never extinguished/converted. |
🟡 |
Securities exist; entitlement remains disputed. |
Total (estimated) |
$4.89 – $5.1 trillion |
Sum of claimed asset values as presented in the filing. |
Key Risk Indicator — Legend |
🟢 Low |
Well documented / publicly traceable. |
🟡 Medium |
Partly verifiable but legally/forensically complex. |
🔴 High |
Highly disputed / limited public evidence. |