the trust you are referring to is the WMIL-T.....it was funded as a result of the negotiations of the GSA agreement.... WMI placed all assets into the WMIL-T to disburse to Creditors who held valid claims up to class 18, with 18 being impaired....classes 19, and 22 who signed releases were given stock in lieu of old shares they held in WAMU... the WMIL-T made the distributions, and concluded its operations, and all fiduciaries and administrators are gone....classes 19, and 22 are "impaired" and WMI stated they are under no further obligations to make payments once the chapter 11 closes... its all written in the chapter 11 closing document.... Title to all assets belong to the Grantor of the Trust (WMI)....your post is about the settlement of the chapter 11 brought about by creation of the WMIL-T (Trust) to fund the chapter 11 closing precipitated by the GSA Settlement between WMI, FDIC-R, and JPM....as part of the agreement WMI received 4 billion in Depositors Funds, plus 2.5 Billion in Tax refunds, for about 6.5 billion dollars total... this money was placed in a Trust Fund called the WMIL-T and used to settle creditor claims in the chapter 11......there is no other FUNDS that will disburse money to old WAMU legacy holders!!!!!...The FDIC is still short 14.6 billion dollars in WAMU's balance sheet....what funds will the FDIC release to Bondholders?....in short, your post is about the WMIL-T, Trust Fund, which has already been concluded....no offense to you bro, but what you talking about has already happened... Lodas
Market Data 
Markets 
AI
