bkshadow, here are your "TENS of BILLIONS" now in an Appeal's Court
(A008) the Debtors did not release their claims against the Federal Deposit Insurance Corporation acting as receiver (the “FDIC-R”; the FDIC-R is a corporation established by the FDIC to administer claims by and against the two former banking subsidiaries of WMI).
Those claims include anything seized by the FDIC-R that was not released pursuant to the Global Settlement Agreement (the contract forming the foundation of the Plan) among the FDIC-R, the Debtors, and JP Morgan Chase & Co. Pursuant to Section 1.183 of the Plan, the Debtors’ claims against the FDICR are a personal liability of the FDIC-R, a U.S. government agency, and ultimately backed by the U.S. Treasury.
This means that any claims the Debtors (or the Trust as successor) have against the receivership are not worthless even if the receivership is insolvent because of the recourse against the FDIC-R. Nothing in the GSA releases the FDIC-R from liability for seizure of, inter alia, any mortgage-backed securities (“MBS”) owned the Debtors from the more than $1 trillion in mortgages securitized by WMI as reported by the Debtors 10-K filings from 2000 – 2007.
As the Debtors’ Exchange Act filings were consolidated the only issue is how much of the approximately $36 billion (market value) in MBS reported on WMI’s books as of June 30, 2008 in the 10-Q filing was owned by the Debtors and how much was owned by the seized banking entities.
The Third Circuit recognizes the interpretive canon ‘expressio unius est exclusio alterius’, or the expression of one thing implies the exclusion of others. Madar v. U.S. Citizenship and Immigration Services, 918 F.3d 120, 123 (3d Cir. 2019). There is no mention of MBS in the Plan.
As the GSA does not mention MBS any MBS owned by the Debtors on September 25, 2008 were not adjudicated, are property of the Trust, and are most likely in the control – if not the custody – of the FDIC.
This is truly “WaMu HOLY GRAIL” on Steroids NOW EXPOSED Worldwide - CAT OUT OF BAG for the WORLD to see - Now damage control by the Players
1) Remember SG, Justin Nelson was almost sanctioned by Walrath for bringing up 24 billion in assets
2) JUSTIN continued to get these assets in the record but Walrath threatened him
3) The reason Walrath threatened him was due to Safe Harbor, Bk remote assets not legally able to be exposed in Bk court
4) BUT court controls FINAL link-in-chain to Prove OWNERSHIP) of these invisible but known assets
5) Without a quick settlement and closure by UWs and Alice the WORLD and financial community will soon know and the”Cat is already out of the bag” in my view
Have I told you lately how much more I really love my Escrow ShareMarkers which continues to grow immensely every single day forward?
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