News Focus
News Focus
Followers 10
Posts 734
Boards Moderated 0
Alias Born 03/27/2009

Re: rmanton post# 2773

Friday, 12/10/2010 1:06:10 PM

Friday, December 10, 2010 1:06:10 PM

Post# of 8307
The judge made his award to Wamu. The award and litigation were transferred to JPM. There appears to be some confusion as to whether that was by virtue of the FDIC siezure/sale, or whether the assets were conveyed to JPM by Wamu as part of the POR/settlement. That's why you have heard references to the term "fraudulent conveyence," particularly in Sonterra's presentation, and why Steinberg is getting at the back-dating issue.

Can't write more b/c I'm in meetings.

Where Real Traders Talk Markets

Join thousands of traders sharing insights, catalysts, and charts.

Join Today