~ Obviously, A Necessary Follow-Up ~
To be confused regarding these complex issues, is understandable' ... however, to remain confused ? is obviously an individuals choice' ...
* WMI' utilized its Corporate Structure to produce monthly income generating investment vehicles, referred to as Asset Backed Security Certificates (the last one completed its packaging in 2007)
* WMI' also chose to participate in its own products produced, by submitting for a percentage of participation of a Certs' associated "base value" ... generally to a participation greater than 25% of a base value' to be eligible for an "equity certificate" at a future point in time'
* WMI' produced hundreds of ABS-Certs which incorporated the debt combination of like kind tangible assets' ... and, were obviously not limited to Residential Products'
* Each ABS-Certificate is a Legal Entity within itself' ... Each Cert' has an assigned Prospectus made readily available to each and every participant'
* WMI' utilized WMB as its Certs "servicer" (listed hundreds of times, associated with hundreds of Certs)
* Revealed within a Certificates Prospectus, ... are the rights of the FDIC, associated with the possibility of a "servicer" falling within financial difficulty' ... the need for an OTS / FDIC seizure or bankruptcy are two issues' specifically listed' and described'
* The FDIC is within its legal rights to allow a claim against the associated "servicer" which WILL BE PAID' from the, "mortgage generated monthly income returning revenue" ... as described within hundreds of ABS-Certs ...
* The now publically revealed Deutsche Bank settlement for "alleged allegations" of poor performance regarding *99 Residential Certs, in which DB was the "trustee", with an original "base value" of some $165 Billion Dollars' ... is not only legally able to be allowed by the FDIC, as the seizing entity for the entire' WMI Bank Holding Company' ... but is also PROOF POSITIVE, of the mortgage generating monthly income returning pools complete existence' regarding All of the associated ABS-Certs' ... as prospectus revealed' ... This pool of ABS generated monthly income earning stream, is the only pool of money available to the FDIC to entertain the possibility of accepting an associated "Claim" ...
* Also, ... according to a prospectus' ... The FDIC is only able to allow a claim associated with a "servicer" ... obviously WMB' ... and obviously as a "servicer" only, ... only able to be transitioned to JPM, as the receiving bank as a "servicing entity" in the same fashion' ...
* This $3 billion dollar DB Claim, ... will Not be paid by a mere tapping of the "FDIC's Insurance Fund", ... it is Not a part of Class 17A or Class 17B, ... or any other combination of guesses or thought up nonsense' ... This Claim IS however, legally allowed to be paid by the FDIC, in its own discretion, from the associated mortgage generated monthly income returning pool of money, again, generated by a participants participation in these specific *99 RMBS-Certs' ...
* There are hundreds of Asset Backed Security Certificates associated Prospectus that can easily be accessed on the SEC Site, and reviewed by anyone that is actually interested in knowing what you actually own' as a releasing participant and now a participating owner of the Original Washington Mutual, Inc. Estate'
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