You seem to be ignoring the fact that there are enough valid claims against WMI to "eat up" the $4 billion thereby preventing that money from ever being turned over, and yes , WMI needs the $4 billion.
"Do you understand how bankruptcy works?"
Yes, I do understand how bankruptcy works, and I also understand how Receivership, JPM, and the FDIC work too.
crunch crunchCRUNCH
"Not at all, I am aware of all "claims" (yours included). But claims make no difference at all as to whether the 4 billion will be turned over to Wamu. It WILL be turned over just as soon as the Judge says to do so, that's the law, and it will NOT go anywhere after that, without the judge's further approval. Everyone knows this is true. Call a lawyer and ask, as I did.
Your argument has no merit whatsoever, but it's amusing to watch."
NOLs that were originated from and that belong to WMB + the value of the "preferred securities", and other valid claims are in fact enough to prevent the money from ever being turned over to WMI.
crunch, crunch,......CRUNCH
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