~ In My Opinion ?, Moving Forward ~
As everyone knows, ... After following the open court proceedings in Judge Walrath's Court, as well as Judge Collyer and the "dual tracking litigation" ... I have also done my best to keep the issues and participants separated ... In saying that, I've always considered JPMC as a "Third Party" ... (listed after the comma in the GSA) ... seriously, why would ? or why should ?, I care who or what entity the OTS / FDIC chose to get involved with ? ... after all, I am a WaMu Investor' ... so, to remain focused' ... I am only concerned with WMI' (WaMu) ... as well as the process which was initiated by the OTS ... and the subsequent need for the TWO Bankruptcy's Filed ...
So, as recently presented to the group, ... Washington Mutual, Inc. ... was not actually a "Bank Holding Company" this is portrayed in their own presented SEC Filings, as well as their SEC, designated SIC Code, ... which now carries forward to the reorganized WMI, ... our own new company, WMIH-Corp' ...
So, as the days move forward, after studying the TWO' now settled results, ... (WMI I' as the Plan 7 Approved Reorganization, as well as WMI II the WMB Action, now Settled) ... I'm curious just how the P&AA will actually be completed, ... after all, the FDIC quickly sold' what the OTS couldn't actually give ... and how will JPMC get a $645 million dollar Administrative Expense paid to it, for the purchase of what the FDIC didn't have full legal authority to sell' ... very interesting stuff' ... to say the least ... in my opinion' ...
Somehow, ... the "Steering Committee" (which included the WMB Bank Noteholders) ... figured this necessary second of two Settlements needed out and announced the WMI II (the WMB Action) Settled Result last August, 2016' ...
I guess, I'm just curios as to just when and how the CIC' (Change In Control) completion is finalized' ... because I don't see how the Federal Deposit Insurance Corporation (FDIC-C) ... can be reporting this on their own balance sheet, nor JPMC accounting for receipt of this money ($645 million), in their own filings, unless the CIC (Change in Control) issue is completed as well, or is planned to very s@@n be' ...
AZ
