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Post# of 749756
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DanBB

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DanBB

Re: MONEYMADE post# 59801

Tuesday, 03/24/2009 5:51:28 AM

Tuesday, March 24, 2009 5:51:28 AM

Post# of 749756
My new read on this lawsuit (new for me) and what they might be saying is that the FDIC had receivership and was the custodian of the bank on the 25th. WMI went into protective Chap11 on the 26th. Therefore, the FDIC could not sell the bank on the 26th since the BK court had full control.

Sounds like they are in fact arguing to nullify the sale.

Or was the sale completed on the 25th?

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