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Sunday, January 29, 2023 6:34:30 PM
I believe the former WaMu estate now owned by the investors who signed timely releases possibly has more Safe Harbor monies (300 to 625B?) than LBHI but I do not know for sure.
Newflow, who do you think will ultimately control if WaMu is involved...LBHI or WaMu (WMI)?
I LOVE THE FOLLOWING PARAGRAPH in NUMBER 66 THAT YOU OUTLINED
https://www.sec.gov/Archives/edgar/data/806085/000119312511339839/d267202dex22.htm
66. Issuance of New Securities. The Plan Administrator, each Debtor or Debtor Controlled-Entity is authorized to (a) form and transfer certain assets of the Debtors and/or Debtor Controlled Entities to new (or utilize existing) entities, including, without limitation, one or more separately managed partnerships, REITs or other investment vehicles, to hold certain real estate or other assets of the Debtors and/or Debtor-Controlled Entities and, (b) issue New Securities for Distribution under the Plan. In the event that the Plan Administrator issues New Securities, each holder of Allowed Claims or Equity Interests against a Debtor that contributed assets to the entity issuing New Securities shall receive the relevant New Securities as Distributions in accordance with the Plan.
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