Split, there's no doubt the assets are sitting somewhere in remote bankruptcy. Otherwise, the big money would not have signed away their POR7 releases...for what, a lousy $200 mil WMIH?? when they stood to gain billions? It was no cost for them to continue 5th amendment case against FDIC/JPM for billions. So why sign your rights away, unless you were sure the assets were safe somewhere in remote bankruptcy.
Our only problem, as always, is when or how will we be able to access them? Will they come back automatically to escrow markers now that the bk is over? or is there some other claim action that we need to pursue in addition to having ownership to our escrow markers?
By not disclosing any of these bankruptcy remote assets, the estate is giving the big boys a huge inside information advantage. I can assure you Bonderman knows exactly where the assets are and the mechanism of release stated in the DST trust charter.
Retail on this board thinks we are in the same boat as the big boys because we own the same escrow markers... That is only true if the eventual return to our markers will occur automatically. But what if the markers are like a claim check, and we need to find the right "Lost and Found" counter to to claim our prize? If that is the case, the big boys may be able to screw us by keeping us in the dark. The less number of escrow owners finding the right "Lost and Found" counter, the bigger their share!
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