Re: Per the 2013 Dept. of Justice Settlement Agreement (1 of 2 Settlement Agreements) with JPM, JPM.....DID NOT.....become successor in interest to Washington Mutual Bank, WAAC, WMMSC, or Long Beach.
Securitization principle, interest, investor participation slips, liquidations, etc. originally generated by WMB, WAAC, WMMSC, and Long Beach, (trustee managed by DB, USBank, LaSalle, BofA, etc.) were those assets that "could be pursued later" by the surviving estate once safe harbor protections were no longer needed or required. The surviving estate cash/assets of WMI/WMIIC POST -March 2012, is absolutely different than cash/assets of the surviving estate PRE-March 2012 "
Just for fun since this is Friday.
I got to give RD some credit although he is throwing dart in the dark. Our money is not held in one place and so it may come, some from USBank, some from BoA, some from Wells Fargo, DB, etc. And so if you look for signs that money is being transferred to pay us, it will not come from one place. Except that every hour and everyday, there are tons of interbank transfers and you would not know which ones are for us.
And I agree with BD that some of the money that JPM will pay to DB, may be money for WMI and us, although this has nothing to do with old preferred but has to do with securitization.
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