Well, WaMu Bank had a net positive value. Proof of that is that JPM paid $1.9B for it. Whatever that value was (probably way more than $1.9B) should count as a LOSS to the holding company.
What they are discussing now is the actual losses that the BANK incurred.
I'm talking about the bank ITSELF counting as a loss, since it was STOLEN from WMI the holding company............z