Wednesday, January 30, 2019 10:52:28 AM
Estate Managers,
RE: Docket # 12582 Filed 01/29/2019
NOTICE OF AMOUNTS PAID BY WMI LIQUIDATING TRUST
PURSUANT TO THE LIQUIDATING TRUST AGREEMENT FOR CERTAIN
COMPENSATION AND FOR SERVICES RENDERED AND EXPENSES INCURRED
BY TRUST PROFESSIONALS FOR THE PERIOD ENDING DECEMBER 31, 2018
http://www.kccllc.net/wamu/document/0812229190129000000000001
Please explain why the Estate continues to pay these ridiculously high "SERVICES RENDERED AND EXPENSES INCURRED BY TRUST PROFESSIONALS" With the very low ending cash value the WMILT continues to report? If there are no additional Off-Book, Safe Harbor assets why do we need so many highly paid professionals collecting these fees. Is your goal to just keep the high fees up until the Estate is out of money? Who is in control of there?
Also, why do we need TAB members if there are no assets within Trusts for TAB members services?
You can help answer those question by answering this:
Are there any Off-Book, Safe Harbor assets within trusts such as the “Washington Mutual Capital Trust 2001” “Posit” , “Retained Earnings or other Estate assets” that current Estate managers such as Mr. Kosturos and other TAB members have under their management that could explain those high fees?
And will those assets get distributed at the 75% - 25% split that WMILT continues to tell Equity holders or will they flow throw the DTC system at a different rate? Please clarify those 2 questions could help all of us!
Sincerely,
CC;
'chad.smith@wamuinc.net', 'WMITrust@kccllc.com'; 'bkosturos@alvarezandmarsal.com'; 'jmaciel@alvarezandmarsal.com'
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