I really have to look this up again, but from what Kosturos said, BOLI/COLI belonged to WMB before seizure and was thus part of the package that was transferred to JPM via FDIC. What JPM did with this is yet to determined for me. Putting it this way, I'm not sure whether it has to be accounted for. Well, of course, it should be part of 3.1a, but then again, there should probably be several parts that should be accounted for and are actually not.
I'm fairly confident that THJMW will take a look at that fact, especially after Ilena and BR "arguing" about that right infront of here. So I'm just curious about what her opinion here is (as probably everyone is right now ;)).
doomie