Re: En Reuters la noticia de los bonistas WMB
Well the sad part is that since WMI was solvent there sould have been enough money to cover US, WMI debt, WMB debt, and anybody else WaMu owed money to before seizure.
This would come to around $40B if you placed the commons at a couple of bucks. Now JPM has all the assets and we are fighting against each other. WMI & WMB should team up against JPM.
Solvent WaMu (rough) calculation:
WMB debt: ~ $18B
WMI debt: ~ $8B
Pref: ~ $3B
Caymans: ~$4B
Commons @$2: $3.4B
The commons were trading over $2 the day before seizure. Everybody admits they were solvent which means that at the time there should have been around at least $35.4B in value. In other words, we should have had the assets to cover ALL of these debts. However, JPM paid a measly $1.88B and now everybody likes to fight like dogs over the scraps. We should stay focused on the real target, IMHO.