What's true (and what's not): The post by ron_66271 on the InvestorsHub RKT board contains several false or heavily distorted claims about the Washington Mutual Inc. (WMI) bankruptcy (2008–2012). It is completely irrelevant to Rocket Companies (RKT). Here are the verified facts from official court documents, SEC filings, and the WMI Liquidating Trust itself (as of the latest public records in 2026).1. The 363/365 Sales and the alleged “Plan 6 LT for Equity”The major 363 sale did not happen in “Plan 6.” It occurred before WMI (the holding company) even filed bankruptcy: On September 25, 2008, the FDIC seized Washington Mutual Bank (WMB) and sold virtually all its assets and liabilities to JPMorgan Chase for ~$1.9 billion via a Purchase-and-Assumption Agreement. JPM received assets worth hundreds of billions in book value but paid only that amount.
fdic.gov
Later transfers (deposits, tax refunds, BOLI/COLI, etc.) were handled through the Global Settlement Agreement (GSA) in 2010 between WMI, JPM, and the FDIC. These were incorporated into the final confirmed bankruptcy plan under Bankruptcy Code §§ 363/365 — not limited to any “Plan 6.”
There was no separate “Plan 6 Liquidation Trust for Equity” holding ~$25 billion in hidden assets. The Sixth Amended Plan (Plan 6) was denied confirmation by the court in 2011 (due to issues with interest rates, trust governance, and insider-trading allegations).
stevenslee.com
The Seventh Amended Plan (Plan 7) was confirmed in February 2012 and created one single Liquidating Trust (WMI Liquidating Trust / WMILT). This trust was primarily for creditors, with a waterfall that allowed equity a small recovery only after creditors were paid. The Equity Committee had input during Plan 6 hearings and later seats on the Trust Advisory Board — but there was never a separate “Equity Trust.”
fdic.gov
2. WMILT, the “$20.77 billion in the February MOR,” and Retained Earnings (RE)There is only one Liquidating Trust (from Plan 7). No parallel “Plan 6 LT.” The trust was formed in March 2012, fully transparent, and completed its wind-down in 2020. It made a final cash distribution of ~$39 million in January 2020 to subordinated claimants. After that, the Chapter 11 cases were closed (December 2019), and the trust was dissolved except for minimal administrative wind-up. As of February 29, 2020, it held only ~$6.1 million in cash.
prnewswire.com +1
The figure “$20.77 billion” does not represent hidden assets. It appears in old forum discussions and recent 2026 InvestorsHub posts (including the one you shared). The trust’s own official FAQs and filings explicitly state there are no “off-book,” “Safe Harbor,” or hidden assets (e.g., Retained Earnings, Washington Mutual Capital Trust 2001, Posit, or anything else). All material assets were always disclosed in Quarterly Summary Reports and SEC filings. The trust has repeatedly debunked these claims.
veritaglobal.net
Retained Earnings were never “parked” in a secret Plan 6 trust. They were part of the bankruptcy estate and resolved under the confirmed Plan 7.
3. “AI Doesn’t Understand the 363 Sales”This is simply incorrect. 363 sales are standard Chapter 11 free-and-clear asset sales. The timeline and documents are public and well-documented: FDIC seizure/sale in 2008 + GSA transfers in 2010/2012 + single confirmed Plan 7 trust. The post twists the timeline and plan history to create a conspiracy narrative that does not exist in the court record.4. Connection to RKT (Rocket Companies)?Zero. RKT is a current mortgage/fintech company founded long after the WaMu events. It has no link to the 2008 bankruptcy, the Liquidating Trust, Plan 6/7, or any of the assets mentioned. The post is off-topic copy-paste from other boards where the same user promotes the same theory.Bottom line (as of March 2026):
The WaMu bankruptcy has been fully resolved for over 6 years. Creditors received the vast majority of recoveries; former shareholders received a modest distribution via the trust; the trust is long since wound down with no material assets left. There are no hidden $25 billion or $20.77 billion treasures. These are persistent forum myths that the official WMI Liquidating Trust itself has directly refuted in its FAQs and filings.The real RKT news in your screenshot (Redfin reports, mortgage rates, home sales data) is what actually matters for the stock — nothing from 2008.If you want direct links to the key documents (Confirmation Order for Plan 7, Trust FAQs, Final Distribution press release, GSA, etc.), just say the word and I’ll provide them. They’re all public on SEC.gov, FDIC.gov, and the old wmitrust.com archive.
I just ask grok about your posting...
AI
Market Data 
Markets 
