Shom.. That's only a 6 Billion difference. As you may recall WMI parked 4.4Billion in WMB that belonged to the holding company. So the only thing we are missing is 1.6 Billion. Holding Companies downstream a certain percentage of the profits to the people who own them (Equity)
WAMUQ were given dividends for 1 and 1/2 of those 2 years. WAMPQ and WAMKQ were given interest payments on the money they were owed (debt) WAHUQ a series of WMI HolD co Debt were also paid interst payments. I am sure if you do the math, you will easily find most of those dollars went to where most hold co's bank charter says send them..
Hope this helps.. WMB Bank Bondholders were also paid an interest from the Bank, not the Hold Co.. If the Bondholders did not like the way things were going all they had to do was sell their bonds. Anker is off base and THJMW did not even react to that statement.. Logistics Right!
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