Dmdmd2020, now these are beautiful and solid facts. Thank you for bringing this to light again! As I have always said, follow the Big Money Players as they know how the game is played and where the billions in this have been and currently are.
Now let me back your facts up with more facts that came from a court transcript that I have coined The WaMu Holy Grail. Here, take another read as it feels really good!
Also One of My All-time Favorites – The WaMu “Holy Grail” – Your Honor, The Assets Will Still Be There – The EC Can Go After Them Later
2. Pages 70-72 of Transcript Link Below
We also have in there the part (b) of what is to be retained, and that is because in negotiations that we had with all of the settling parties, with the equity committee last week, with the FDIC, we did talk a great deal about the concept of the retained ASSETS.
Now, it's my position, Your Honor, that the examiner doesn't need to do much with theretained assets other than say the assets are retained and therefore the liquidating trustcan go ahead and pursue them.They will still be there; they can be carried through.But I understand that the equity committee is very interested in having a neutral third party do an investigation of those retained assets.