Wednesday, June 03, 2015 10:47:10 AM
But one last thing as I have stated at least 1000 times OFF BOOK ASSETS CAN"T BE CLAWED BACK into an estate by anyone INCLUDING THE TRUSTEE , as they are or were not PART OF THE BK ESTATE OF WAMU!!!!!!!!!!!! And ON THIER BOOKS
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What the escrow lovers are claiming is that there are 10s to over 100 billion in off book assets that belong to the holding company and now belong to escrows, etc..
A trustee has a lot of power and a lot of resources, if you are talking the kind of money some are talking, the trustee would have taken a long look at the huge money, analyzed the assets and reported what that money represents and why it is not part of the bk. None of that has happened.
Even if it is off book, the trustee would have forced the powers to be to identify those assets and the trustee would decide. If the party holding the assets off book refused to return them, including the fdic, the trustee would file a lawsuit against the party. Again, this would all be public record. If none belong to the bk, the trustee would say as such.
Let's take it one step further, let's say the trustee didn't look for the assets or didn't care or is incompetent. Who is going to fight for those assets and turn them over to escrows now. If no one is putting pressure on jpm/fdic to turn them over, like I said before, if they are there which I doubt, surely the fdic/jpm is not going to wrap a bow around the 10s of billions and turn them over.
I also said in the past, I believe there were assets given to jpm that they did not legally own through the bk. But after several years, as scummy as jpm is, don't you think that their lawyers, accountants, etc.. would have sliced and diced them and cleaned their books of them so they are no longer traceable.
Bk's are the dirtiest of games and we lost, now make the money up other ways, one way is to invest in wmih.
all in my opinion and mine alone.
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