Alice Griffin's Reply Has Destroyed Rosie & WMILT Which I Believe Proves Big Money is located in Class 19 Just as the UW's Actions Have Indirectly Shown
***Let us reread Dmdmd2020's post now for even more relevance***
Underwriter’s Actions Prove Beyond ANY Doubt Large Style Monies Headed to Marker Accounts
Concentrate on Dmdmd2020’s bullet points below. Then one will not only see the process but how the Underwriters that knows the process and how all this works.
This because the Underwriters ended up investing in this and yes, they know there will be large returns because of them underwriting MBS with other banks the FDIC ultimately seized.
This only confirms and further proves CBA09 (Certified Bank Auditor) who shared his ‘hands-on’ experience on how this Safe Harbor, Bankruptcy Remote process works with MBS certificates and trusts
1) The underwriters (Morgan Stanley, Credit Suisse, Goldman Sachs), didn’t settle their claims (per the “underwriters stipulation” on March 28, 2013) until after POR7 was approved (March 19, 2012).
2) Per the “underwriters stipulation” on March 28, 2013, the underwriters didn’t want Class 18 claims of $24 million. Instead, they settled for Class 19 claims of $72 million.
3) if the underwriters wanted cash, they would have opted for Class 18, which is paid before Class 19 and is more likely to be paid than Class 19 claims.
4) what the underwriters settled for was a Class 19 claim that is less likely to be paid than a Class 18, and they would have to wait a lot longer.
5) it’s obvious the underwriters know exactly the risk and probability of claims being paid out, and even a lower value of $24 million Class 18 claim is better than waiting for an unknown duration of time for a Class 19 claim.
6). IMO...These underwriters know exactly how long it will take the FDIC to unfreeze the bankruptcy remote assets (i.e. MBS Trusts) after the bankruptcy cases are closed. And the underwriters know exactly how much is waiting to be returned to Class 19 WMI Escrow Marker Holders from the MBS Trusts.
7). I believe that the underwriters probably know that Class 18 and Class 19 would probably get paid in close proximity of time from each other if one knows the process and speed and magnitude of how much the FDIC will unfreeze in bankruptcy remote assets.
8. IMO...remember, these same underwriters have underwritten many other MBS Trusts for other failed banks in the past and they know the process and know how to get paid from bankruptcy-remote MBS Trusts.
Have I told you lately how much more I really love my Escrow ShareMarkers which continues to grow immensely every single day forward?
