Obviously, the 32 billion number in that document has been reduced by some 75% since that was filed. I believe footnote 1 is important to read, as it states that a significant portion of those assets were held on account at the bank. Someone who knows the GSA better than I do should comment, but I suspect that WMI gave up its claim to those particular assets as part of the bargaining process that also required JPM to drop its $54 billion claim. Yes, I know - I know - JPM's claim was "baseless", etc. Maybe, but we will probably never know whether it was or wasn't because it won't be litigated because the GSA settled those competing claims. Unless the GSA falls apart, which I see as having a 5% chance or less of happening.
So the post of mine that voo challenged still stands, as it reflects my opinion based on the current reality. Not the reality of 40 months ago.
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