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Sunday, February 13, 2022 8:53:17 PM
To answer a question: Yes, the escrows for PIERS poofed before payments even began, and it took several years longer for them to be paid in full.
It's like the LT has been screaming at us for years now: the escrows do NOT denote entitlement.
DTC has our records, as of March 2012. Any payment will be dispatched thru them, to our brokers, who will dole it out us individually. Whether they (brokers) use their own records to determine each portion, or DTC's records, isn't really my concern.
JPM didn't get the 100s of billions of assets in the trusts, and FDIC isn't holding it, either.
For anyone who wants to believe that such assets will ultimately go anywhere other than to the beneficial interest holders of WMI, feel free to do some digging as to where this vast wealth has been absconded to.
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