~ Windfall, In My Opinion’, Once Retail Equity Survived, Plan 7’ Became “Fair” ~
The “Washington Mutual Capital Trust”, ... Constructed As a Private Entity stand alone powerful financial, originated out of the UK., Could Never Have Been Acquired, ... it’s “Liquidation Preference” was to be “Activated”, ... If’ ? ... WMI ever sold itself, found the need to file for bankruptcy ... etc., etc. ... that’s why we see Wells Fargo as the successor trustee, designed around the separated PIERS Court Ruled Debt’, ... while the WM Cap Trusts Original Indentured Trustee’, ... the big one’, ... remains active ...
At the 09/26/2008 @ 8:00am, the “Exchange Event”, ... is when the screwing of the TPS began ... they fought (litigated) tooth and nail, all the way to the appeals court and always came up short ... while the Court Ordered 2011 Mediations, ... did not allow the TPS to be included, while the Equity Representatives and the SNH’s decided what to do with the proverbial TPS “Cash” ... their Cash ended up being divided up with the WMI Preferred Holders, all placed within Tranche 6 Class 19’ ... for those whose Plan 7’ Release Actually Counted ... (another conversation), ... in my opinion ? the TPS pissed someone off at a very, very, high level ... “griffin”, as one of their ”pro-se” objectors, ... will find her nonsense, also costly ... Collins & Rosen will handle that’ ...
I’m rooting for B Rosen to submit to “Close The Cases” as he stated (10/31/2019 can not come quick enough), ... everything I’ve read hinges on the Cases to be Closed ... the fulfillment of the GSA, the release of the Trusts, the final point in the WM Cap Trusts 3 point Liquidation Preference ... etc., etc., etc., ... not to mention WMIH, our current parent corp to be financially revived ...
good luck,
AZ
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