Apologies, Valdez, I gave you way too much credit. I thought you actually tried to compare the P&A in your link to the WAMU one. If you had actually read that previous agreement you would notice that there are a lot of differences, most of which relate to, as you call them, post-acquisition settlement procedures. Again, if you read both agreements in tandem, you would notice that most in the other agreement are NOT included in the WAMU agreement.
"A procedure specifically established and authorized in the Closing Agreement." This means that the Closing Agreement controls. That proves my point more than it does yours. "The day by which monies due to/from the AI and FDIC as Receiver for settlement items, must be paid." First, you should infer that monies are to be paid "only to the extent due." If there are none, then none is to be paid. It sounds like the FDIC spokesman anticipates either none will be paid, or if so, it will be nominal...give the lack of "post-acquisition settlement procedures." Second, it reads "due to/from" the "AI and FDIC." What does that mean? It means the statement can just as easily be read to say "due from the FDIC." Just because you chose to read it to say "due from the AI" doesn't make it so. That's the two-way street.
You think I missed, "Section 11(e) of the FDI Act permits the FDIC as receiver to repudiate or disaffirm any of the failed institution's contracts." What do you think this means and how do you think it is relevant? Also, please tie it into your non sequitur, "The avoidance powers of the BK Court trumps FIRREA." How again do you think this is important?
Market Data 
Markets 
AI
