Ron, where is time required to close Receivership? I read it could be as little as 2 years and in some cases it has gone to 23 years, I can post that old link, it is in one of my previous post.
I have stayed out of this one SO FAR but here I go, please show me where it STATES anything other THAN NOL's in any filing or any article about WAMU I may be missing something , OR YOU MAY BE mis-enterupting something
Ron, if all WMB and related assets were originally sold then what is still remaining: http://edgar.brand.edgar-online.com/efxapi/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?SectionID=9857269-14321-36536&SessionID=s-55eH_6_colaJ7 See in the Introduction: On September 25, 2008, the OTS, by order number 2008-36, closed WMB, appointed the FDIC as receiver for WMB (the “FDIC Receiver”) and advised that the FDIC Receiver was immediately taking possession of WMB’s assets. Immediately after its appointment as receiver, the FDIC Receiver sold substantially all the assets of WMB, including, among other things, the stock of FSB, to JPMC, pursuant to that certain Purchase and Assumption Agreement, Whole Bank, effective September 25, 2008 (publicly available at www.fdic.gov/about/freedom/popular.html), in exchange for payment of $1.88 billion and the assumption of all of WMB’s deposit liabilities. As a result of this transaction, substantially all of the business and accounting records of WMI became the property of JPMC and WMIHC had extremely limited access to such records. The foregoing notwithstanding, over time, limited access to such records was obtained through information sharing arrangements. Access to WMMRC’s historical records was not significantly affected by WMB’s closure and receivership.
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