I agree with the 1.9B, that's why I did not count them.
But the debt at WMBank is now and definitively JPM/WMBank issue, as it's true that all WMBank assets, retail deposits with low cost, real state, customers, etc are theirs ...
So they took the good of WMBank .... but also the bad that went with it... otherwise not even the FIDC could explain that bargain in front ot its mirror.
That's a key point in my reasoning ... the debt at WM Inc is 8B ... no more no less ... the doubts are around the assets...