United Western Bancorp Inc (fka UWBKQ)

[invest1980]

I sure as he'll hope that our trustee is investigating how much the FDIC is recovering from various parties involved it RMBS litigation on behalf of the UWBK bank. I would think that whatever is recovered > than cost to FDIC should be returned back to the holding company.

I find it odd that the FDIC reported the RMBS that were part of the settlement but did not report the original principal values of those RMBS. I found a number of class action suits that identify the RMBS in the suit and their principal value.

So if we can identify the principal values for each of the 39 RMBS involved in the settlement between FDIC and JPM we can derive a good number for the amount of the settlement that flows to UWMB since we know which 17 belong to UWBK.

If the trustee for our chapter 7 has a duty to maximize the value of the estate, then they sure as hell better be tracking what the FDIC is recovering. I am assuming that the FDIC cannot allocate funds recovered to losses incurred in other seizures and is obligated to return excess funds associated with UWBK back to the original parent holding company.