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Civil War General

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Civil War General

Re: Royal Dude post# 717273

Tuesday, 10/10/2023 11:03:12 PM

Tuesday, October 10, 2023 11:03:12 PM

Post# of 730053
$3 billion Receivership certificate is just an unsecured claim.

Read Section 3.01 Deutsche Bank is the trustee. They get the money to pay out to the buyers of the mortgages, not WMI.

https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/wamu-dbntc-jpmc-fdic-settlement.pdf
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