Nunc Pro Tunc AZ. I will say it would be one of the biggest in the financial history of banking in the U.S.
As my investment manger said this morning at Morgan Stanley as we are distinctly and know for fact is the days in late September 08 when all heads of the financial institutions where Sat the F down...they where all told how, why, and what to take and give. What was about to happen they absolutely had no choice in...As he stated THEY WERE TOLD not given a choice.
He did complete some research for me and his findings are in line with the Performing Trusts Theory of former WMB and WMI. What he could not say is how and when they were coming back to Escrow, but it was his contention that billions of assets are there.
We will all keep are fingers Crossed and hope for the very best knowing that chances are we will see recovery for Escrow as well as appreciation in the New co.