Tuesday, July 14, 2015 1:41:48 PM
That is how we ended up with wmih and 6 billion in nol's. But regarding escrows, there is nothing there of substance. It is all gone as mentioned so many times before. Slice, diced, laundered.
Just read the latest 30 billion in the rubble jpm pr. I'm sure many of those who thought those assets were the holding companies were probably right until jpm stole them and sliced, diced and laundered them. Why do you think the pr listed other commercial paper jpm bought from others such as citi. This is jpm's way of clouding the situation. Was the majority of the profit from wamu mortgages, from citi mortgages or from whom ever mortgages they bought. I'm almost sure they commingled everything so you couldn't tell where the profit actually came from. You may think, no way, jpm would have never done that and there must be a clear track record back to which assets are wamu's. Try to prove it in court, it would take 10 years with jpm fighting every move. Think about it, if jpm used 2 billion of those 30 billion in profits to fight in court for 15 years, that's still 28 billion in profit, so sad but true. So what law firm is going to fight against jpm under those circumstances. Be happy with wmih and stop dreaming about escrow millions, they just are not there.
This is how the game is played and why my escrows are worth very little if anything at all. The assets are long gone. My hope is that a small bone comes escrows way, and when I say small I mean bite size. all imo
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