~ Hey LG' I Hope Things Are Well ~
Yeppers' ... I' do "my own" Due Diligence' when it comes to spending "my own" money on just about anything and everything, ... and when it comes to WaMu ? ... I'm 100% good to go' ...
It seems to me that arguing or constantly bantering nonsensical representations, with those that have obviously NOT' taken the time to study the WaMu Entire' process, ... The WMIIC / WMI / WMIH-Corp / WMB Issues, over these last five years' is a total waiste of productive time' ... not to mention those that have their feelings hurt so easily, or ? those that need to twist wording and / or misrepresent or disregard the relevant WaMu issues' ...
The WMB Bank Noteholders' were obviously part and parcel to the Settling Steering Committee, regarding the now completed, WMI II' (the WMB Action) ... Just think about that for a sec' ... I guess the WMB Noteholders are still around ... ? ...
WMI Investment Corp. ... ? ...
The WMB Noteholder Program ... ? ...
WMI Preferring Funding, LLC. ... ? ...
Here's the skinny' ... JPMC is not getting any part of the Priority # 1 $645 million dollar "Administrative Expense" associated with its own P&AA agreement with the FDIC, until the P&AA is done' ...
and'
The P&AA isn't ABLE' TO BE DONE' until the CIC (Change in Control) issue of WMI's Bank, WMB is completed between WMI (the parent) and the FDIC' ...
not to mention'
That the Class 17 WMB Noteholders, ... (yeppers, those are the same ones that were integral in the Globic' Settlement) ... had their releases brought forward from Plan 6 and ... "will have deemed to release upon receipt of their distribution" ... so, ... Nope' Class 17 hasn't released the FDIC quite yet' ... (I own class 17's so I can verify that as of today') ...
and,
The FDIC isn't going to release diddly, in an attempt to shut down and complete the P&AA, that IT' HAS with JPMC', ... until ALL of the releases are intact' ...
Yep, It's All Good'
AZ
