nice dd, so it was you who filed.
anyway, I am less familiar about wamu specifics and more familiar with the actions taken by bair, dimon, paulson, geitner, blankfine, bernanke, s&pand all the crooks who packaged the fraudulent loans. etc..
what they did was steal, beg, barrow, bribe, lie, etc.. legal/illegal to protect what they thought was going to be a complete collapse of the entire banking system.
once the bailout failed approval in congress the first time and the markets free fell, but more importantly, all inter bank credit throughout the world froze they knew that it was survival of the fittest and slaughter for the rest.
other than dimon, the best snake oil salesman around, and geitner, who i can't stand, looking out for his ash. the rest of the fed people were fearful of complete and udder chaos, ie, banks not opening their doors, cash station machines turned off. that is why I feel paulson strong armed bair to seize wamu to save jpm. and that's why paulson gave aig all that money to save goldman. those institution could not fail, period.
they had no idea of the ramifications and they did not care. carry forward to today, 7 years later, no one cares, the world was saved and the skeletons hidden in the closet. in their mind they saved the world and if a few little people got hurt who cares. like any good misdirection, lie, lie and lie some more and tell yourself you did good and move forward and try as you might to put regs in place to not allow it to happen again, ie, if the politics will allow.
jamie dimon was the glory banker in the whitehouse at first, he was in the inner circle until the higher ups in congress and the prez. found out he was not the savior but a major player in causing the disaster.
jamie boy was next in line to be the treasury secretary and now he is not in the inner circle. lastly, the 9 billion in real dollar fines jpm paid to get indemnification allows jpm to continue strong, what did they lose .5 years of earnings as opposed to what some experts said was 200 billion worth of legal risk.
small price to pay in their minds and not one banker indited or will ever go to jail.
regarding your question, my fear is that unless there is a strong advocate in the feds/congress that lobbies hard for wamu escrows this ain't going anywhere. it's just not how the game is played.
I would have thought lawsuits would be filed detailing all of this not some agreement that no one understands.
The old saying make it so complex that people will give up and that is probably one of the things happening now.
all imo
