~ SometimesRight, Yep the TPS Issue Was Quite Interesting ~
This subject matter is directly and financially related to the WMI reorganized new company WMIH-Corp moving forward, as well as the releasing owners of the original WMI Estate' ...
Not to mention their own attempt to disrupt the eventual completion of the approved Plan 7, with their "insert" placed within the voting packages, ... but also to the January 2012' submissions by the net's own, b-pfan', letters written to Judge Sleet in D.C. requesting he intervene and override Judge Walrath's decision to ultimately approve Plan 7's completed mediated result (December 2011) ...
however, to answer your question ? ... Yes' ... the "exchange event" was ruled to have occurred and the Capital Trust Preferreds became Washington Mutual, Inc. (WMI) ... "Preferred Series" ... ultimately, WMI Tranche 6, Class 19' securities' ...
today ? ... none of this matters any longer, "things are as they are" ... WMI's Plan 7 reorganization, required the individual releases to be submitted for one to be in a position to participate' (41.6) ... while the ongoing "dual tracking litigation" in Judge Collyer's Court, (WMI II the WMB Action') needed to also be settled and its releases finalized, as well ...
The (5) "Capital Trusts" Washington Mutual Preferred Funding, LLC., being ruled to have gone through their exchange event in the morning of Sept 26th, 2008, ... and then WMIIC and WMI, filing for BK protection at 10:15pm and 10:16pm on the same day respectively, ... irritated BOTH' ... JPM and the TPS, (most of whom had bought in "after" the seizure by the OTS on the 25th') ...
Again, ... Today ? ... none of this matters any more' ... everyone made their own choices at the time' ... however, just because a "snake" knows how to type well ? ... doesn't change the fact that it is still a "snake" ... I told the Truth back on Dec 11th, 2016, and I'm glad that bp' banned me' ...
AZ
