News Focus
News Focus
icon url

BigBang

07/18/25 6:41 PM

#745047 RE: jhdf51 #745045

Does any of this back-and-forth argument mean anything anymore? I’ve become so numb to this whole saga that I personally don’t care anymore; maybe that was the objective by those in control all along, to wear us down. I do know that this isn’t over yet; the receivership hasn’t closed, so there’s still ‘hope’ that something positive will come of this. After seventeen years of being involved with this mess, it’s difficult to just walk away and say that nothing is coming back. If I felt that way, I certainly would feel foolish wasting my time by posting here. I realize that this is the COOP board; however, for me this started out as the board discussing WMI’s bankruptcy and escrows and will continue to be. In the end, whatever will be will be; the receivership needs to close, and then I’ll be able to walk away from this board no matter the outcome.
icon url

mwd44

07/18/25 8:06 PM

#745052 RE: jhdf51 #745045

I believe the delay is due to WMB's debt. The FDIC, as the receiver of the Bank, was reponsible for paying WMB;s debt. That is the reason JPMC made a "payment" of $1.88 B. "Payment" doesn't mean "Paid". Payment is a "noun" and "Paid" is a "verb." I may have lost a little when it comes to my math skills. But my reading comprehension; is pretty good.