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Tuesday, October 31, 2023 1:21:50 PM
https://bpinvestigativeagency.com/servicing-agent-for-u-s-bank-admits-no-evidence-of-sale-to-wamu-2007-oa5-trust-prior-to-fdic-receivership-of-wamu-on-9-25-2008/
I have always wondered from the get-go how the end of the WaMu travesty would look if any distributions happened because this entire travesty has been blacked out in the worldwide print and media for 15-plus years so the ending would be as important as the other 15-plus years of being blacked out. So how could the criminals at the FDIC/JPM and others make large distributions when they worked so hard to show a fraudulent bankruptcy made to be perfect, especially for historical purposes hence, they would need some sort of cover to obfuscate otherwise, the made perfect bankruptcy would show to be fraudulent?
Remember, the 15B in (SD) Subordinated Debt or the bonds, if brought current, would be around 32B handled by the Texas Insurance Litigators who do NOT lose and have not filed any adversarial cases so far. We have in Tranche Five all SD then Tranched Six is all preferred and common equity which is last in line just like the original Perps (Hedge Funds) had planned (last in line in Tranche Four) if they had been successful in canceling out equity completely. So the Hedge Funds stood last in line in Tranche Four with a Hybrid security, part creditor and part equity called Piers, HOWEVER, the Perps were caught, judge punished them by capping Piers with no further payout and allowed Equity to be last in line to receive ALL SPOILS!
So my guess before distribution is that Libor MUST be settled by the LIBOR-8 for say 70B which would be enough to bring Tranche Five (SD) current plus more left over to distribute to those investors who signed timely releases otherwise, there is no cover for LARGE distributions which in my view CANNOT HAPPEN without total obfuscation.
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