Good question and one that I hope happens soon! But if it doesn’t then we just have to wait until everything is satisfied with all parties! GLTA who knows right!
The FDIC closes out all payments to the Claimants before they close the receivership. Closing out the Books.
We get paid first before the FDIC closes the Receivership.
Legacy WMI common equity is the FDIC claim holder because the commons owns the parent corporation.
ND9’s FDIC receivership closure list is proof. When the FDIC closes the books and pays all Claimants, then they close the Receivership!! The FDIC spell’s it out in direct wording.
FDIC LIBOR is resolving. More money back to the WMI Estate. Series R and K are LIBOR interest rate dependent. More Money. Series R; +4.6X.
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