Exactly...Trustees would have recognized the SPE's as ""investors"" and assigned payments to them. These SPE's would have then transferred the cash to WMI to be allocated to subs as needed. The title to this was transferred to the LT, being our benefactor, not us individually. The idea that entities such as the DTC will make distributions to us directly is utter nonsense.
Re A+M, this is my belief also but I have never been responded to by the LT on that question, hence my reservation to state it as fact.
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