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Re: KeyKey post# 724320

Thursday, 03/14/2024 12:23:39 AM

Thursday, March 14, 2024 12:23:39 AM

Post# of 726891
Key... these FDIC words "Bankruptcy Case
After WMI filed the Bankruptcy Case, WMI, JPMC, the FDIC in its corporate capacity (“FDIC-C”), and the Receiver became involved in several lawsuits contesting the ownership of over $20 billion in assets.

The parties reached a settlement in the Bankruptcy Case that was approved by the FDIC's Board of Directors on May 20, 2010, and WMI filed a plan of reorganization incorporating the terms of the settlement ("WMI Bankruptcy Settlement"). Several parties objected to WMI's proposed plan, in particular, WMI's proposal to release its claims against JPMC, FDIC-C, and the Receiver. At the request of WMI's equity holders, the Bankruptcy Court appointed an examiner to thoroughly investigate WMI's claims against JPMC, FDIC-C, and the Receiver, and determine whether the proposed settlement (which would release these claims) was fair and equitable to WMI. The examiner found that the WMI Bankruptcy Settlement was a fair resolution."
https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/wamu-settlement.html

START FROM THERE WITH ATLEAST THEY HAD $20 BILLION IN ASSETS AND ITS UNDER OATH THE PARTIES TALKED ABOUT.
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