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Wednesday, August 30, 2017 1:59:56 PM
WMB was used to shore-up JPM.
Please see Doc #1997;
Court Docket: #1997 Email
Document Name: Debtors' Motion for an Order Pursuant to Bankruptcy Rule 2004 and Local Bankruptcy Rule 2004-1 Directing the Examination of Witnesses and Production of Documents from Knowledgeable Parties
Date Filed: 12/14/2009
http://www.kccllc.net/wamu/document/0812229091214000000000008
side note; see pdf 435/825 for ANICO
"For the "CIC Summary Judgement" to be signed "the Payment" has been made." It's not a Golden Parachute because WMB did not fail, but was 5AT seized. WMI was not a Bank Holding Co, but a Holding Co. The FDIC was/is out-of-bounds.
For Damages see Foot Notes in Doc #5885
Court Docket: #5885 Email
Document Name: Debtors' Motion Pursuant to Section 554(a) of the Bankruptcy Code for Authorization to Abandon WMI's Equity Interests in Washington Mutual Bank
Date Filed: 11/12/2010
Related Documents [5]
8513, 8426, 8343, 8135, 8104
http://www.kccllc.net/wamu/document/0812229101112000000000029
For a number for payment for "WMB and it's assets";
~$299B - $645MM - $3B ish, then add interest and multiply by three, use "use-value" and use the greater. The WMB Noteholders won, twice [WMI I "the WMI Action",and WMI II "the WMB Action".
Somewhere around $900B.
JPM has raised $1.4T from Euro Bonds.
HLCE,
Ron
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