Thursday, September 28, 2017 5:45:20 PM
about "Safe Harbor" in my post.
I was only talking about "the Final Payment" for "WMB and it's assets".
"Safe Harbor" is because of the Receivership happened, but NOT part of the Receivership.
WMI/WMIIC 'own' ABS Certificate that are/were in "Safe Harbor".
Please read my post more carefully.
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and
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134957549
"Interim Dividend Distribution
As of June 30, 2017, the Receiver had approximately $2.76 billion to distribute to holders of claims allowed by the receivership, according to the priorities established in 12 U.S.C. § 1821(d)(11)(A). The most recent receivership balance sheet summary can be found at the following link: (WAMU Quarterly Receivership Balance Sheet Summary). After paying JPMC in full, the Receiver made an interim dividend distribution on September 26, 2017, on all approved senior unsecured claims of the receivership, including the claims of DBNTC, general trade creditors, and the WAMU senior bondholders. This distribution represented approximately 95% of the receivership’s remaining total current assets. The allowed senior unsecured creditors shared equally (on a pro rata basis) in this distribution. The remaining funds in the receivership are expected to be sufficient to cover future expected and potential losses and expenses."
WMI is a Creditor. Doc #5885 Footnote 2.
http://www.kccllc.net/wamu/document/0812229101112000000000029
WMB Noteholder need to be paid in full to grant Releases !
!? Think about it ?!
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