Somebody, probably very many somebodies, is going to receive some big money real soon....the Trustee and his retained experts need to figure out who gets what because there is so much.... gonna take awhile.
“The FDIC also announced that the “Receiver anticipates that it will make a final distribution at a later date.” The amounts and timing of any further distributions by the FDIC to the Trustee have not been announced by the FDIC. “
And: “The Trustee anticipates distributing the Received Funds to holders of WAMU Securities in future distribution periods after the Trustee and its retained experts have completed necessary analyses concerning allocation among the Trusts and calculations of amounts distributable to various classes of WAMU Securities of each Trust, including addressing any interpretive issues arising under the Governing Documents from such distributions.”
Johnny, the question I wouldn't mind getting an answer from Gallagher is if any assets passed through WMIIC between June 2016 when they first announced dissolution and today when it is officially dissolved. I would love to hear him say on the record that no assets passed through WMIIC during that period. Lol!
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