The only way that JPMC could ever take ownership of WMI's charter, or anything WMI is if JPMC agreed to buy out the whole WMI enterprise, starting with and including WMB.
It'd be the only sane way to unwind tens of billions in Mortgage assets, resolve JPMC's exposure to RICO, LIBOR, etc. and bury the FDIC's complicity in the corporate assassination of WAMU to prop up JPMC's Trillion dollar failure. Litigation morass.
Remember how quickly ANICO and the 5th Amendment Taking Texas Litigation disappeared on a jurisdictional technicality, and then was never re-filed? JPMC and the FDIC couldn't let this lawsuit see the light of day in a very public litigation, and had to bury this fast, before it could be refiled. The result is there is another or an amended GSA or P&AA (Purchase & Assumption Agreement) that isn't publicly available.
Where there were once 3 parties (WMI versus JPMC, FDIC) in an adversarial conflict.....the quickest way to silence and quash the noisy one from the equation, was to buy out WMI as a complete enterprise under seal and gag order. The FDIC and JPMC would've done anything to hide their liability from a 5th Amendment Taking of WAMU the bank.
Killing the WMI EC and shareholders, equals less for JPMC to pay in the end. Fortunately we surived. The purchase balance for the WMI enterprise is now due from XXXX.
Recently certain specific bonds have lately revealed this truth, as they've now been reclassified to 'xxxx'. And it's a bombshell. After all, Washington Mutual Inc. in it's Chapter 11 bankruptcy filings, did own other banks that were outside of the FDIC receivership of WMB.
The only friggin way 'xxxx' could now be listed on the reclassified bond description is if 'XXXX' bought the entire WMI enterprise, not just WMB.
"Should've held out for more"....
Tic Toc XXXX
