yo ron?????.... AZ Cowboy is RIGHT!!!!!......JPM took possession, and TITLE to the TPS as part of the acquisition of the WAMU banks, and related assets, and liabilities.....the 1.89 billion was the price they paid for the secured assets, and liabilities.... remember the FDIC carved out 640 million to give to JPM for "soured" RMBS.....If you would have read my post some weeks ago, I posted the lawsuit the Blackhorse Capital, and other funds claimed the the exchange event did not occur, and that they were in possession of the TPS.... the judge denied their claim, and said the Exchange Event became active when WMI could not pay the dividends.... The TPS were converted to WMI preferred, and placed in WAMU to shore up the TIER shortly before the OTS seized WAMU... Bonderman lost 4 billion dollars, and he was never paid... he got preferred shares, which were subsequently cancelled, extinguished, and all rights to dividends were nullified!!!!.... there will be no more payouts to anyone expecting more returns... the GSA, POR 7 amended, and the chapter 11 has been closed, and ratified by all those that had claims... you are wasting time, and peoples time continually posting stuff with no links.... to wit: posting about LIBOR, Class 19 (impaired from future recovery), well documented DC court case in which WMI won 309 billion dollars, 20.7 billion dollars in shareholders RE moved to a T-Bill, class 19 to be paid, and others.... all without substantiation, or links... the fact that you do not answer naysayers says a lot about your convictions about WAMU/WMI.....you must engage your opponents in order for you to claim you are a winner of the arguments..... how about a response to my post..?... Lodas
Market Data 
Markets 
AI
