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Monday, July 15, 2019 8:42:20 PM
... The “Why” it was put into place ... ? ... In my opinion, Can only be answered by a consideration of a need to cover up the actual truth or a silencing of the truth regarding the massive amounts of original WMI generated off balance sheet values ...
The block and delay mechanism was put into play, ... way to early back in 2009’, for any specificity to one particular plan or anther being ultimately able to be approved ...
A couple of other facts ... JPMC needed access to the WaMu immediate “Cash” the WaMu massive amounts of deposit base provided ... and, WMIIC / WMI needed to file for BK’ because only a Federal Bankruptcy Judge had the power to “Cap” the WM Capital Trusts Hybrid Debt that had already been issued ... the PIERS ...
As everyone knows, ... I’ve been 200% against the WMI-LT’s double talk ever since 2013 ... (dont_b_kruel), ...
... However, once the Federal Reserve Board Judge Signed off last June, 2018, ... the WMI-LT directed B Rosen to submit for the beginning of closure ... Docket # 12499 ...
The WMI values have never disappeared ... only the obvious attempts, the entire time to eliminate as many retailers as possible ... shamefully, mb drones have carried their message of doom and gloom forward for them for free ...
... However, now that the Courts Plan 7 Approved Creditors and the Claimants, are being finalized, ... the values should begin to be realized ...
AZ
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