I have no idea what the lawyers and the FDIC has been doing all of these years!!!!!!...all I can say is whats in the official documents as submitted by WMI, WMIH, POR amended 7, GSA, chapter 11 closing documents, and the most important one, the 2103 WMIH 2013 10-K as submitted to the SEC by INDEPENDENT FORENSIC ACCOUNTANTS....this 10-K lists the residual assets of WMIH of ALL ASSETS REQUIRED TO BE SUBMITTED TO THE BANKRUPTCY COURT.......the mediation hearings ordered by the judge for insider trading resulted in a "cure" for common equity and preferred shares....WMI states in court that ALL ASSETS REQUIRED , AND ASSETS NOT REQUIRED TO BE REPORTED TO THE COURT!!!!!!..now, the word "all" means everything within the circumspect of WMI's assets, and nothing left out.....what assets did WMI have that was not required to be submitted to the bankruptcy court?.... WMMRC had 7 sub Trusts that wrote Re insurance policies that were liquidated, as well as the investment company WMIIC that was liquidated that was disclosed to the court......why were they liquidated?...the creditor claims were finally paid for 6.98 billion dollars... WMI only got 6.5 billion in cash from the GSA agreement, and the rest came from liquidation of the 7 Trusts, and WMIIC... in addition, the payments to A/M. Vendor claims, etc totaled over 1 billion, or more to restructure WMI out of chapter 11....my point... the waterfall of money ended short in class 18, which were impaired...classes 19, and 22 were given stock for their releases...The Forensic auditors say in the 2013 10-K WMI is valued at 75.1 million dollars if sold, and has 34 million in Trust.... not Billions upon Billions... the report says NOTHING ABOUT 299 BILLION held by the FDIC... says there are no ongoing lawsuits to retrieve former WMI assets...finally, WAMU was "drained" of the necessary liquidity to back the 300 billion dollars in ARM sub prime mortgages when depositors removed 16.5 billion in deposits, and short sellers drove the stock price down from the highs of 50-60 dollar range....the OTS advised Killinger to sell, or find a merger partner long before the Receivership happened, and finally Fishman was advised to put more money to back those subprime loans... all Fishman could offer was he would convert the preferred to common, and borrow more from the Fed Funds...in short, what the implication was ... WAMU had no other assets to come up with... no offshore, nor Safe Harbor assets.... Rosen attested to this when he said WMI held no safe Harbor, or off balance sheet assets... does this answer your question goodie?..... Lodas
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