There is no 10 year deadline period! You are correct! I spoke with Janice Hern from the FDIC office and she is directly involved in the Wamu receivership. As she said . "The FDIC seized WMB WMFSB however not WMI". Janice went on to state that WMI and the FDIC was a matter distinct and very different from WMB. I asked her about the 10 year rule and she stated " that the FDIC is not bound or mandated to complete the receivership within a 10 year period."
My contacts and ins to the FDIC have all been muzzled and will not speak to me or about the case anymore;period!
Just the facts even though I do not like them either.
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