News Focus
News Focus
Followers 6
Posts 523
Boards Moderated 0
Alias Born 10/01/2008

Re: drsilicone post# 111788

Thursday, 10/22/2009 1:28:26 PM

Thursday, October 22, 2009 1:28:26 PM

Post# of 749756
Okay, now I'm really confused. FDIC was not acting as receiver for WMI, they were receiver for WMB. If someone were trying to give money to WMB, it should go through FDIC.

If I had owed WMB money before they were seized, and I tried to pay it to them now, that money would have to go through the FDIC for them to deal with and determine who gets it.

If I had owed money to WMI before they filed for bankruptcy protection, that money would come under the control of the bankruptcy court, not the FDIC.

How does the FDIC think they have any jurisdiction over WMI monies? They're not receiver for WMI!

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today