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Tuesday, January 31, 2017 6:35:10 PM
The FDIC cant release its 'frozen in place' bankrutpcy remote assets without reconciling the receivership estate first. While these assets were frozen, neither the FDIC nor JPM reimbursed DB for the put-back claims from non-performing loans. DB, held the WAMU custodial investor funds as hostage to cover the tab (rob peter to pay paul) until one of the two responsible (FDIC or JPM if they bought the mortgages per PAA at BOOK VALUE) finally pays them back. Thus this 3-way Global Settlement Agreement between DB/FDIC/JPM.
Remember, the FDIC publicly exclaimed the receivership "cost them nothing". So nothing will be released until the last of the unknown potential put-back claim associated with WaMu's bankruptcy remote assets is finalized.
in other words.......as far as these above residuals go, imo, the Deutsche Bank 3 way Global Settlement Agreement with JPM/FDIC, needs to be settled prior to or during the May 17, 2017 Probate Court hearing in Orange County California. (case # 30-2016-00892014-PR-TR-CJC)
If another judge, or 3rd party investor in DB securities throws a wrench in the settlement works prior to the May 17, 2017 probate court hearing, the fallout could affect the FDIC receivers bottom line, imo.
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