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Re: BBANBOB post# 700004

Tuesday, 12/20/2022 12:05:40 PM

Tuesday, December 20, 2022 12:05:40 PM

Post# of 749756
that stuff was all worked out by all parties involved with the signing of the GSA agreements..there could not be a resolution of the GSA if there were issues still hanging on the vine.....as a matter of fact, JPM was given 600 million for putbacks for all the soured loans that they got from WAMU...in return for dropping the 20 billion dollars lawsuit against JPM, WMI received 6.5 billion dollars, with which they funded the WMIL-T to form the Grantors Trust to pay of creditors claims...which they did, and they checks that were never claimed by creditors, (about 30 million) was given to charity...why?, because the Grantors Trust was tax free vehicle, and no money of the debtor could be returned to the reorganized debtor....now, if WMI placed assets in a high yield instrument for 15 years, as you say, that money is corporate money, and in no way does the company obligated to BUY IT BACK FROM OLD SHAREHOLDERS ESTATE..read the GSA.... all claims were settled between all parties involved.... Lodas

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