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Wednesday, May 08, 2024 5:59:52 PM
Split T, you said the following to poster, Pickstocks
As a matter of fact, JPM only made an initial down payment of $1,89 Billion. The hundreds of Billions of the balance is pending and waiting adjustments, including LIBOR, when the Receivers closes the Receivership. It makes no difference to me whether JPM pays me or the FDIC.
Because of Jessie Brays 63 Million golden parachute payout on a change of management I suspect his payout will be when JPM takes control in the near future.
I see from you previous post you dabbled in Fortress Stock, that certainly helps explains your position and negativity....Wow! No escrow shares. I would be jealous too.
Carry on with your nonsense as it mean nothing to me nor my friends.
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WaMu Purchase Assumption Agreement
WaMu Purchase Assumption Agreement-SOME NEED TO CONCENTRATE ON THE MEANING OF INITIAL PAYMENT
Maybe there should be further research by the ZERO MONIES RETURNING GROUP but first they need to understand what the term, "INITIAL PAYMENT" means
The end of the WaMu saga will NOT OFFICIALLY end UNTIL the "R" or Receivership has finally been resolved/terminated and closed with FDIC being released.
https://www.fdic.gov/foia/files/washington_mutual_p_and_a.pdf
***PDF Page 20***
ARTICLE VII
BID; INITIAL PAYMENT
$1,888,000,000.00 for the The Assuming Ban has submitted to the Receiver a positive bid of
Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). On the Payment Date, the Assuming Ban will pay to the Corporation, or the Corporation will pay to the Assuming Ban, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of Ban Closing) from and including the day following Ban Closing to and including the day preceding the Payment Date at the Settlement Interest Rate.
...
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