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Friday, June 22, 2018 3:38:22 PM
Further, with Wells Fargo as Trustee having to sign off to me is a big deal because NSM goes away in total upon merger finalization, thus Wells Fargo as Trustee has ensured WMIH is good for the money SOMEHOW.
So again, no way Wells Fargo as Trustee signs off on this unless WMIH has huge amounts of assets/monies SOMEWHERE in my view. If you were in Wells Fargo's shoes, would you not want proof WMIH is good for this long term?
Oh yeah, Wells Fargo has at least 3 accounts opened by WaMu in late 2008 early 2009 to handle receipts from on-going business run under the cover of legal darkness sponsored by the FDIC, IRS, DOJ, Delaware Federal Bankruptcy Court Judge Walrath and more.
Sector Update: Financial
BY MT Newswires
— 7:12 AM ET 06/22/2018
07:12 AM EDT, 06/22/2018 (MT Newswires) -- Financial shares were higher in pre-market trade Friday.
JP Morgan (JPM) was flat, Bank of America (BAC) was up 0.1%, Citigroup (C) was up 0.5%, Wells Fargo (WFC) was flat and US Bancorp (USB) was also unchanged.
In financial stocks news, Nationstar Mortgage Holdings ( NSM
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) said late Thursday that it has received required consents from holders of its 6.5% senior notes due 2021, and 6.5% senior notes due 2022 to amend certain terms of their indentures.
The amendment includes the modification of the definition of "sponsor" and change of control provisions pursuant to the company's merger deal with WMIH Corp ( WMIH
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) , to state that the merger will not constitute a change of control under either of the indentures.
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