Wednesday, August 27, 2014 2:39:27 AM
Everyone remembers it was JPMorgan, the FDIC and the snh's ... right?
The fact that the FDIC Receivership was not released within' the GSA is very, very, important to these discussions, regarding the ownership of WMI (the parents) assets ....
Since those earlier moments in time, ... during, 2010-2011 .... they all' .. knew about our recent findings, regarding the FDIC's procedural events regarding "R", .. the FDIC Receiver' ...
In my opinion, this is why they, (the hedge funds that negotiated the GSA directly with JPM and the FDIC) .... explicitly, went out of their way to NOT release the FDIC Receivership within' the GSA .... just in case "R" forgot what it was supposed to do, when the appropriate time came' ....
... Check out this mention within the GSA .... (page 234 of the PDF)
“Released Claims”
"... provided, however, that “Released Claims” does not include...... (2) any and all claims held by
entities against WMB, the Receivership and the FDIC Receiver solely with respect to the
Receivership, ....."
http://www.kccllc.net/wamu/document/0812229111212000000000003
Looks like the snh's trusted JPM and the FDIC ..... but' they put this in the GSA, ..... ya know' ... "just in case" someone needed to be reminded of the original deal' ..... I mean, six years is a long time' .... right' ?
AZ
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