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marty009

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marty009

Re: linda1 post# 7544

Wednesday, 05/27/2015 4:08:34 PM

Wednesday, May 27, 2015 4:08:34 PM

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Linda,
So, what do all these court papers boil down to??
Seems they affirmed that Anchor Bank which is owned by JPM now owns the law suit...not the FDIC. Good for JPM...but, where does that allow the LTW wts (us) to collect our due? I thought we LTW's were considered securities that died in bankruptcy...although I always thought we were an obligation (debt) of the original bank that would carry through to new owners (JPM)....if they prevailed.
What do you expect from here....?
Marty
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