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linda1

05/31/16 10:03 AM

#8215 RE: marty009 #8210

I am not sure what you are trying to
figure out.

When Judge Block stated in his final
Opinion that the LTWs were trading
on the NASDAQ when JPMC " acquired
them " I think he is meaning that
JPMC also acquired the obligations
to the LTW Holders - who owned the
LTWs.

The LTWs were registered to and owned
by the LTW Holders and not WMI, and so I
don't think the FDIC could legally transfer
ownership of the LTWs under the PAA to
JPMC if WMI did not actually own the LTWs.

I suppose that WMI could assign ownership
of the LTWs - of the Holders who opted in
and exchanged theIr LTWs for WMIH - to
JPMC.