You will only find reference to these bids on the other board from Garry Denke...Basically what Garry claims is, that his company is involved and/or responsible for doing Abstract Title searches regardining the Wamu/FDIC/JPM fiasco...Garry states that in his findings, that WMI and WMB, are somehow inseverable, and I take that statement to mean that because assets were so intermingled, like a spider's web, that it was not possible for WMI to be severed from WMB...Meaning you can't take one without the other...This is something I mentioned awhile back on this board, because I was thinking that it would have made sense for WMI to have owned any property that WMB may have operated in and leased back, in which case I don't see how the FDIC could have conveyed the real property to JPM...Hence the fraudulent conveyance argument...And I'm just using the real property as an example...There may have been all kinds of assets intermingled this way making the two entities inseverable...
Now the part about the bids as I understand it, is if the two entities were inseverable, then by all rights the FDIC is technically still in possession of the banks, and a settlement has to be reached for the entire package of WMI/WMB for this to move forward...If this is the case, then there are any number of entities that would be interested in purchasing the entire package for assets, NOL, etc., and Garry claims that bids have been made by the aforementioned entities, but came in too low for WMI to accept them...
I know all this sounds unusual, and many think that Garry is a nut...But due to all the secrecy regarding this fiasco, I could easily see that potential deals are on the table, and that we won't know anything until the proverbial "fat lady sings"...Now the reason I tend to believe that Garry may have a clue is due to my research on him, and claiming he does Title searches in these situations, well, that's what guys like him do...And I find it very strange that even if Garry were just a nut, that his nuttiness would somehow manifest itself in any way regarding WMI...
This is all my opinion, and just going with my gut, but I will say when ever I go against my gut, my gut turns around and kicks me in the ass...
ATWO
