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Tuesday, January 08, 2019 11:48:53 AM
That still leaves the question of when the trustees of those safe harbored SPV are required to distribute the portion retained by WMI and its subsidiaries. Perhaps the trustees have been distributing but escrow holders cant see them because bankruptcy rules allows these distributions to also be held off balance to the estate until such time that Trance 4 is paid???
Distributing to who? That is the question even if they were....who is going to say now pay escrows..........FDIC will close out and who distributes the rest if there is anything.......that is we should be asking........who supposedly holding the money.......
The thing is we can read the 8k and 10k and all information from the BK, but so far FDIC, Rosen LTI have no clue where the money is........There response is "There is no money left!"
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