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Re: bkshadow post# 433329

Saturday, 08/22/2015 7:49:27 AM

Saturday, August 22, 2015 7:49:27 AM

Post# of 730303
I am not disputing that the FDIC ""SOLD"" WAMU assets according to their mandate. There is still a major dispute as to whether the $1.88 Billion payment represents "full payment", but i will not go there.

The non release of the Receivership and the FDIC-R (Receivership only) is clear and no amount of obfuscation with those plainly stated words is about to change that. The lack of any current litigation "DOES NOT" preclude the fact that, "ENTITIES" can bring forth litigation to seek redress against those unreleased parties!

In addition there is also the mechanism whereby the FDIC-R, as manager of the Receivership has the ability to HOLD assets in times of economic downturn to maximize return, which i believe is occurring at present.

With JPM being in possession of WAMU'S books, it is highly plausible that former WMI assets were illegally transferred to JPM or are in the possession of the FDIC awaiting a final resolution of the Receivership. The mechanism is in place as i had posted before.
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