Monday, October 06, 2014 8:20:44 PM
"By this Motion, the Debtors see, pursuant to section 554(a) of the Bankruptcy Code, an order authorizing, but not directing, WMI to abandon all its rights, title, and interest with respect to the WMB Stock to the FDIC, as receiver of WMB, including any recovery rights with respect thereto or that derive therefrom that WMI holds in its capacity as shareholder of WMB."
Key phrase being "abandon all rights, title, and interest with respect to the WMB Stock to the FDIC". Key point being that WMI's interest (as a creditor) stemmed from being the owner of the things the FDIC took from them, now abandoned.
Obviously, some people on this board (and elsewhere) won't believe that statement to mean what it means. But there it is, in black and white. Couldn't really be more clear.
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