Dime Bancorp Inc (fka DIMEQ)

[MrchntDeth]

DIMEQ's versus property inside WAMU SAFE DEPOSIT BOXES:

Someone had given a great analogy wherein a piece of property (in this case, an antique vehicle),is left IN TRUST with a neighbor, and stored in the neighbor's garage. The neighbor is being compensated by the true owner of the car.

A few years pass, and the neighbor's house (WMB/WMBFSB), is foreclosed, and all the property (including the antique DIMEQ's), are taken over by the foreclosing bank (JPig/Fdick).

While JPig may very well foreclose on the property, it is in no way entitled to take over and assume as its own, property belonging to a 3rd party. The fancy legal word for this is "conversion," but we know it better as THEFT.

And for JPig to take over the DIMEQ proceeds, BUT, "relieve itself" of any obligation to the DIMEQ holders not only violates the warrant agreement, but amounts to outright THEFT.

JPig is well aware that WMI was acting as an agent for the warrant holders. The LTWs are not really a warrant, but rather a right or an entitlement to a payment of 85% of net proceeds from the Anchor lawsuits.

My thought is as follows:

For JPig to believe that it is entitled to the Anchor litigation proceeds, it must also believe that it is LEGITIMATELY entitled to all of the property inside of each and everyone of the thousands of safe deposit boxes inside each and everyone of the former WAMU banks. (emphasis added) Not Jamie Dimon type belief, nor Brian Rosen type belief, but that of a SANE, RATIONAL HUMAN BEING (hence the exclusions of Dimon/Rosen).