The WMB Notes are Secured by $26 Billion in Securities.
Therefore the notes are secured by a factor of 2X.
The WMB notes pay for themselves.
To bad that you don’t understand the Performance Payments.
The FDIC is awaiting the final payment from JPM for “WMB and its Assets”.
With consecutive numbers, JPM needs to pay ~$800 Billion to WMI Commons for WMB.
$300*2*(1+.0195*17.5)=$804.75 Billion.
Yes,
41.6 “Willful Misconduct” is the proof.
And yes I do understand the Derivative Market Meltdown of 2008 that JPM was unable to cover (pay) their contracts written.
$13,000*.58*.11.9=$897.26 Billion exposure to settle just for the RMBS losses.
According to the FDIC WMB securitized $2 Trillion in RMBS of which $500 Billion was sold to F&F.
I know the numbers.
Do you have numbers and why.
Prove your numbers.
Ron
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