there is no record on any official documents that stipulate that WMI held Trusts holding MBS... Rosen said that they were all sold off to GSE's....however, WMI liquidated the assets, under the aegis of A/M who represented the restructuring of the chapter 11 of 7 sub trusts of WMMRC... these Trusts were offshore re insurance companies, and also the contents of WMIIC.... the funds thus liquidated were placed in the WMILT for disbursements to Creditor claims... in addition, WMI got 6.5 billion in settlement of cross claims from the GSA agreement...since WMI had no corporate structure during the pendency of the chapter 11, the money had to be held by, or placed in some vehicle for disbursement to creditors claims...remember A/M was funding huge amounts of money for vendor, expert witness, general fees for lawyers working the settlement, etc,. etc...this money could have been residing in a short term T-Bill, or held in Trust by a bank.... the records dont indicate where WMI/A/M held the funds... one last thing... the 2013 WMIH 10-K states that they held 31 million dollars in Trust only..... not billions.... they also say there were no on going court cases to retrieve any former assets taken from them....the conclusion is that all outstanding claims of WMI was resolved during the GSA settlements, and all parties RELEASED EACH OTHER.... thats what the records say.... Lodas
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