~ Ron, Yes These Are Quickly Becoming Serious Times ~
There is much to consider regarding ALL' of the ongoing issues that have been moving forward now for such a very, very, long time' ...
As I referred to the other day, ... I believe the ... "Six Year Rule" ... is quickly closing in on ALL of the Original Plan 7' Settling Parties' ...
Out here in Arizona, within our own legal premise', we refer to this as the, ... "Six Year Rule" ... however, in some other parts of the Country, this is also referred to as a, ... "Contractual Statute of Limitation" ... the time limits allowed for these contractual aligned debt agreement limits, are specifically State' defined' ... Delaware' has a three year time limit' ... however', ... The State of Washington (along with Arizona') has a Six Year Time Limit' ...
The Original GSA was between Washington Mutual, Inc., and the FDIC, with JPMC "allowed" to be an "intervenor" ... Filing # 5885 was a publically filed acknowledgement of the FDIC's wrongdoings within the "Taking" of WMI's property, WMB, the Bank, ...
After Plan 6 failed twice, This eventually lead to Judge Walrath's September 13th, 2011 "Opinion" and her Court Order' for a Mediated Settled Result" ...
The Settled Mediated Result of the Judges Court Ordered 2011' Mediation, was achieved and Submitted for the Court's Approval on 12/12/2011, along with a submissions attachment of a mandated Disclosure Statement' ... Again, BOTH contacts were submitted on 12/12/2011' ...
Washington Mutual, Inc., has already completed all of its portion of the Settlement Agreements' ... with Filing # 9901 releasing WMB's "Equity Interest" on 03/16/2012', as was agreed' just ahead of the Plan 7 Implementation Date, which occurred three days later, on 03/19/2012' ... along with the Plan 7 agreed upon disbursement of WMI's Cash Settling Tranche payout' at the Reorganization' ... That Money, WMI's Some $7 Billion Dollars in Cash and Tax refunds', that Cash' ? has already been distributed some five plus years ago' ...
So, ... In My Opinion' and Conclusion, ... IF' ? ... The approved' contractual Settlement and DS, originally submitted on 12/12/2011, are not completed within their original intended result ? ... Then, ? ... there are a multitude of some very, very, very, serious problems' ...
IF' one simply considers a few the Results of Plan 7 ?, not to mention all of the State and Federal Judges Involved' (don't forget the Court assigned Federal Judge, the mediator'), and the tremendous amount of attorney groups ? ... simply consider a few of the more obvious' issues' ...
* The WMI-LT (propaganda machine) ... was a direct result of the Approved Plan 7' ... March 6th, 2012' ... No Plan 7' ? No LT'
* WMI Holdings Corp. (now, WMIH-Corp) ... is the direct result of the Approved Plan 7' ... March of 2012' ... No Plan 7' ? No reorganized newco'
* The relevance of the continuing D.C. Action, which continued in Judge Collyer's Court' ... No Plan 7' ? No need for the D.C. Actions Result'
* The reaching of the "Globic" Settlement' ... No Plan 7' ? No Globic Settlement'
* JPMC Doesn't Get to Keep WMI's property, WMB' (my own personal favorite, that ? is Not Gonna Happen)
... and so on, and so on, and so on' ...
... So, IF' ? ... There is NO' Completion of 12/12/2011 submitted Settlement and its attached' Disclosure Statement' which lead to Plan 7' ... ? ... Then yes, there are some very serious ramifications' ...
So, In My Opinion ? ...
A: Either Plan 7, and its contractual agreements are fulfilled ?
B: the FDIC is filed against within the allotted - Six Year Rule - Time Frame', Notifying Judge Walrath that the Agreement' Has NOT BEEN COMPLETED as submitted for her approval back in December of 2011 ? ...
or'
C: as the Six Year Time Allowance Passes Next Week' ... Everyone' involved just forgets about everything', ...
AZ
