... FDIC Procedures & Bankruptcy are SEPARATE ...
... Regarding ALL, Corporate Bankruptcy's .... generally all bankruptcys end in some type of ... "settlement'" ... settlements are not determined by the court' .. only approved by the court, after a settlement has been achieved ... The details of the settlement would NOT be part of the Court's Records
(these settlements, usually only involve creditor classes damaged' .. making concessions since normally, a BK filing is necessary when ... liabilities exceed assets' ... etc)
So, the only interaction the Court would have, would be to
1st; help and direct all involved to reach a settlement' (in our case, the court ordered mediation)
and'
2nd; approve of the settlement achieved, within the guidelines of the law' ("The Goulding Document & The Plans Confirmation")
Remember' ... within our bankruptcy, our settlement allowed for all of the creditor classes to be paid with "Cash"
The sealed doc that was relevant, was filed on the eve of the Plan 6 approval hearing beginning, ... July 2011 .... filing # 8179 "The Standing Motion"
and then "Nate" put the nail in the coffin in front of the media for all the world to see'
Once the Court ordered the ... "mediated result" ... equity's inclusion in the outcome, became ... well, doesn't mattter now ~ Plan 7 WAS approved & ... Here We Are
Remember, though ~ generally, we are still in the same situation regarding the ... "lack of knowledge" ... I understand the procedures and also fully understand what the picture looked like in Sept of 2008, ... right or wrong not being considered ... however, at this point I figure we just wait it out and see' ...
The Pass Throughs pay monthly back to their recipient' ... (on the 20th of each month) ... mortgage holders pay on the first? ... and so on ... on 9/25/2008? ... WMI's cash receipts were in it's bank, the seized, WMB ... (we all saw what happened with the fight over the cash') ... the next Pass Through date would have been Oct 20th, 2008 and so on ... In Oct of 2008? ... the income received by all recipients within the income chain' (remember, pass throughs can be sold multiple times to multiple recipients) .. would have been minimal due to what was happening in the country ... simply put? ... things were a mess'
the "servicers" had their hands quite full ... Now? I believe things have leveled off and sometime during 2010, WMI (the parent) owned pass-throughs, would have begun to produce a positive return back to the estate, as they had before and were originally intended as income producing vehicles ...
NOW' of course, WMI the parents assets' .. under the control of "R" ... I get the transitional events, however, let me be clear ~ I have no idea of the amounts of return that have been coiffured by "R" on a monthly return basis since those days. ...
honestly, I don't want to start any ... "big thing" ... everyone is already way to sensitive regarding their Trust Markers, ... (everyone did not release') .. however the FDIC site does say that ... finalization is generally between 3 & 6 years, however it could take longer' .... its the ... "could take longer part" ... is why I am settling in for additional time' ....
So, do the trust markers hold future value? .... Yes In my opinion they do'
Are the discoveries of the separate procedural issues between what "R" is responsible for and the Bankruptcy court relevant? .... Yes, again In my opinion they are
Is this what the snh's knew procedurally to be correct when they attempted to jetison equity with Plan 6? .... Yes
The Key' was for equity to be included within the estate ... Done' within the settlement ...
Again, Plan 7 DID include equity' .... its all good'
AZ
OKAY; NOW, stepping away from the Due Diligence and factual issues ... The following is .. In My Opinion;
Do I believe APR was removed at settlement, more, in an effort to eliminate the class 19' caps of P = $1,000.00 & K = $25.00
Yes
Do I believe the returns to "R" regarding these income producing vehicles, after a six year acumulation to be quite large?
Yes
Do I believe we are speaking of the possibility of multiples of "PAR"
Yes
Do I believe we are waiting for the possibility of additional JPM indemnity claims to be received? (Sept 2014)
Yes
AI
