InvestorsHub Logo
Followers 175
Posts 6721
Boards Moderated 0
Alias Born 12/26/2012

Re: None

Tuesday, 09/26/2017 8:53:54 AM

Tuesday, September 26, 2017 8:53:54 AM

Post# of 728518
~ This ?, Is Another Detail Driven Issue ~

This is fine and understandable, ... I have never expected everyone to have dissected this WaMu ... "dual tracking" ... legal process down to many of these detailed and specific points, ... and, as I have said numerous times, ... I won't debate with what has obviously been overlooked' or misunderstood ...

The WMI-LT, ... only received a specifically designated distribution directive from the Court' ... for ... "Certain" ... of the assets and cash' associated with the WMIIC and WMI Approved Plan 7 Reorganization ...

ALL of Washington Mutual, Inc.,(s) Subsidiaries utilized a total of 29 Individual Bank accounts, individual bank accounts that these subs, held at their own parent corps bank, WMB' ... Washington Mutual Bank' ...

The money that was held now in these remaining 23 unaccounted for counts, for nine years due to the FDIC's seizure, ... now needs to be returned to the original rightful owner, come back to the reorganized parent corp, ... WMIH-Corp, ... now that WaMu' ... "dual tracking" ... litigation has been finally "Settled" ...

as well as the FDIC's WMB Balance Sheet, reports a ... 0% ... loss ratio for bank accounts held beyond the FDIC's insurance limitations ... along with a 0% loss ratio for all insured deposits' ...

WMI now reorganized into WMIH-Corp, is included in these stated percentages of a zero loss on the FDIC's own WMB Balance Sheet Reporting (as of 06/30/2017, soon to be updated)

On March 19, 2012 (the "Effective Date"), the Plan became effective and certain of the Debtors' assets were transferred to a newly formed Delaware liquidating trust (the "WMI Liquidating Trust") as further described in the Plan.



AZ
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent COOP News