Tuesday, November 25, 2014 7:35:46 AM
Yep.
They will finally see the clear fact and reality that, as again confirmed by yet additional documents in the Deutsche Bank case filed by the FDIC illustrating the consolidated detailed trial balance of WMB assets and liabilities SOLD TO JPM, that there is no basis for a reasonably prudent person to expect that there is anything other than the current reporting of the WMI Liquidating Trust that might accrue to the last tranche of creditors before some relatively small amount to potential other new Litigation Trust Interests.
No matter how much time asleep, they will wake up.
Facts and Realities:
1. WMILT is not a 'creditor of the FDIC-R account. Ask them, ask the FDIC.
2. The FDIC does not have $110-$130 BILLION (only the JPM deposit and the NOL tax refund sharing) of WMB assets that were not sold to JPM.
3. The FDIC is not holding assets, purported to be $100's of billions of Mortgage Backed Securities (BOUGHT BY OWNERS), in administrative court registry accounts.
4. The FDIC does not have $280 BILLION of WMB loans that were SOLD to JPM; as updated by the FDIC Exhibit of the consolidated detailed trial balance filed in the Deutsche Bank case.
5. The FDIC has not been selling billions of assets and secretly hiding the money.
6. The potential LIBOR settlement must be ratably allocated to all of the failed banks in receivership by the FDIC, other injured parties, fines to the government, etc.; and regarding Washington Mutual Bank's receivership, there are currently $12B creditors to first cover, excluding the Deutsche Bank potential claim directly or indirectly via JPM, and 30 other JPM claims that seek general claim status.
7. JPM did actually buy the WMB loan assets (not just the servicing rights); both are addressed in the P&AA and are now up front and center as clearly SOLD by the FDIC to JPM in the above referenced Exhibit in the Deutsche Bank case.
8. JPM's quarterly and audited annual SEC filings since 2008 to 2014 are not fraudulently filed and clearly disclosed all of the WMB assets is BOUGHT.
9. Susman Godfrey is not representing equity in any action other than those of the Liquidating Trust Subcommittee discretion; and those disclosed have no label related to anything regarding the FDIC, JPM or the AAOC regarding any assets or secret deal from mediation.
10. Tricadia, purported to be paid $50 million to "be silent" as support for most of the above secrecy, really got $300,000 for legal fee reimbursement.
The detail of the fact and realities, supporting documents, for the above follows; it is conclusive.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106955918
It is way beyond time to focus on WMIH. Some intelligent posters do contribute, but with so much noise, it is hard to hear. Such discussions that are not "anchored" by the wrong assertion that billions will flow from the escrow imagined recoveries to WMIH to capitalize it are worthy of the read. Those that are chained and balled to the escrow funding theory just aren't believable to the reasonably prudent person; or investor, such as KKR, which is the current FUNDING SOURCE on the table.
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