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newflow

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Re: Olti100 post# 448822

Sunday, 04/10/2016 4:32:02 PM

Sunday, April 10, 2016 4:32:02 PM

Post# of 730802
Check claim # 1738 for about 4B, never closed.
If FDIC was released, how come there is a case
"WMI Liquidating Trust v. Federal Deposit Insurance Corporation et al., Case No. 14-50435"
http://www.kccllc.net/wamu/info/3950
And as per 363 sale, TPS was transferred,sold and lien free from WMI to JPM by FDIC pursuant to GSA.If all the assets were sold based on P&A, why FDIC was again selling something using 363 and GSA?.
And if there is nothing left, why did WMILT mentioned in its recent 10K that there are 5 subsidiaries and some assets were put a value of zero, where the exact value is unknown.It could be 1 dollar or 33B, we never know unless the case gets closer to completion.WMI had 133 subsidiaries at the time of BK.They were consolidated during ch11.
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